IFF Sells Cosmetic Ingredients Business to Clariant: Strategic Transformation and Greater Focus on Sustainability

In a major development, IFF (NYSE: IFF) has successfully sold its Cosmetic Ingredients business to Clariant, a specialty chemicals company that prioritizes sustainability. This move will allow the business to continue offering innovative ingredients for cosmetic and personal care products as part of Clariant.

According to Erik Fyrwald, CEO of IFF, the company’s strategic transformation is centered on delivering cutting-edge innovation to better serve customers in its core businesses. By streamlining and optimizing its portfolio, IFF aims to achieve greater focus and drive more strategic growth investments while reducing debt and interest costs. Fyrwald expressed gratitude to the Cosmetics colleagues for their dedication to excellence and wished them well on their journey as part of Clariant.

IFF is a global leader in various sectors such as food, beverage, health, biosciences, and scent experiences. The company is committed to creating essential solutions through a combination of science and creativity with a strong emphasis on partnerships with customers. Together with Clariant, the two companies aim to make a positive impact on people and the planet. Visit iff.com or follow IFF on Twitter, Facebook, Instagram, or LinkedIn for more information about this exciting new partnership.