IFF

IFF Completed Divestiture of Savory Solutions Business

Retrieved on: 
Wednesday, May 31, 2023
Retail, Other Consumer, Consumer, Home Goods, Specialty, Food, Beverage, Taste, Heart, Registered trademark symbol, All rights reserved, Sale, Science, Creativity, PAI Partners, PAI, Health, International Flavors & Fragrances, NYSE, Perfume, IFF

IFF (NYSE:IFF) today announced that it has successfully completed the previously announced divestiture of its Savory Solutions business unit to PAI Partners (PAI), a leading global private equity firm with a strong focus on the food and consumer industry.

Key Points: 
  • IFF (NYSE:IFF) today announced that it has successfully completed the previously announced divestiture of its Savory Solutions business unit to PAI Partners (PAI), a leading global private equity firm with a strong focus on the food and consumer industry.
  • Under PAI ownership, Savory Solutions Group has been rebranded to NovaTaste, a global leader in taste innovation with headquarters in Salzburg, Austria.
  • “The sale of IFF’s Savory Solutions Group represents our continued efforts to optimize our portfolio as we focus on core businesses and strengthen our capital structure,” said Frank Clyburn, IFF CEO.
  • We’re grateful to our Savory Solutions colleagues, who have demonstrated their commitment to innovation, service and quality.

IFF Highlights Progress Against ESG+ Strategy in New Do More Good Report

Retrieved on: 
Monday, May 22, 2023
Environment, Chemicals, Plastics, Specialty, Professional Services, Sustainability, Manufacturing, Food, Beverage, Cosmetics, Environmental, Social and Governance (ESG), Retail, Parental leave, Gender identity, Senior, General counsel, Communication, Dow Jones, Electricity, Conduct, Equity, Science, Creativity, Parity, Report, Transparency, Bloomberg, Corporation, Corporate finance, Webcast, Inclusion, ESG, Health, NYSE, Renewable energy, Management, IFF

The Do More Good Report: IFF’s 2022 ESG+ Progress, describes the first full year of performance and progress as One IFF following the 2021 merger with DuPont’s Nutrition & Biosciences division.

Key Points: 
  • The Do More Good Report: IFF’s 2022 ESG+ Progress, describes the first full year of performance and progress as One IFF following the 2021 merger with DuPont’s Nutrition & Biosciences division.
  • IFF will hold a live webcast to discuss the Company’s Do More Good Plan and goals, 2022 ESG+ results, and 2023 sustainability outlook on May 23, 2023, at 9:00 a.m.
  • “When we launched our Do What Matters Most strategy in 2022, we committed to embedding ESG+ in all we do,” said Frank Clyburn, IFF CEO.
  • “Our 2022 Do More Good Report illustrates the steps we’re taking to deliver on our commitments to address sustainable development imperatives.

IFF Declares Dividend for Second Quarter 2023

Retrieved on: 
Wednesday, May 3, 2023
Cosmetics, Retail, Chemicals, Plastics, Manufacturing, Specialty, Food, Beverage, Science, Creativity, Health, NYSE, Perfume, IFF

IFF (NYSE: IFF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.81 per share of its common stock, payable on July 11, 2023 to shareholders of record as of June 23, 2023.

Key Points: 
  • IFF (NYSE: IFF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.81 per share of its common stock, payable on July 11, 2023 to shareholders of record as of June 23, 2023.
  • At IFF (NYSE: IFF), an industry leader in food, beverage, scent, health and biosciences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences.
  • Together, we will do more good for people and planet.
  • Learn more at iff.com, Twitter , Facebook , Instagram , and LinkedIn .

IFF to Release First Quarter 2023 Results May 8

Retrieved on: 
Monday, April 24, 2023
Cosmetics, Retail, Specialty, Food, Beverage, Science, Creativity, Health, NYSE, Perfume, IFF

IFF (NYSE:IFF) today announced that it will release its first quarter 2023 earnings results following the market close on Monday, May 8, 2023.

Key Points: 
  • IFF (NYSE:IFF) today announced that it will release its first quarter 2023 earnings results following the market close on Monday, May 8, 2023.
  • The management team will host a live webcast on Tuesday, May 9, 2023 at 9:00 a.m.
  • ET to discuss results and outlook with the investor community.
  • Investors may access the live webcast and accompanying slide presentation on the Company's website at ir.iff.com .

IFF Recommends Stockholders Reject Mini-Tender Offer by TRC Capital Investment Corporation

Retrieved on: 
Tuesday, March 21, 2023
Finance, Specialty, Chemicals, Plastics, Professional Services, Food, Beverage, Cosmetics, Manufacturing, Retail, Registered trademark symbol, All rights reserved, Disclosure, EDT, Science, Creativity, NYSE, TRC, Security (finance), Health, International Flavors & Fragrances, News, Cryptocurrency, Financial adviser, Perfume, IFF

TRC Capital Investment Corporation’s offer price is approximately 1.4% lower than the $82.76 closing price of IFF’s common stock on March 17, 2023, the last trading day prior to the date of the amended offer.

Key Points: 
  • TRC Capital Investment Corporation’s offer price is approximately 1.4% lower than the $82.76 closing price of IFF’s common stock on March 17, 2023, the last trading day prior to the date of the amended offer.
  • IFF recommends that stockholders do not tender their shares in response to TRC's offer because the offer price is below the current market price of IFF’s shares and is subject to numerous conditions, including TRC Capital Corporation obtaining financing for the offer.
  • IFF recommends that stockholders who have not responded to TRC Capital Investment Corporation’s offer take no action.
  • IFF is not affiliated or associated in any way with TRC, its mini-tender offer, or its mini-tender offer documents.

IFF Declares Dividend for First Quarter 2023

Retrieved on: 
Thursday, March 9, 2023
Cosmetics, Retail, Chemicals, Plastics, Manufacturing, Specialty, Food, Beverage, Health, Science, Creativity, NYSE, Perfume, IFF

IFF (NYSE: IFF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.81 per share of its common stock, payable on April 6, 2023 to shareholders of record as of March 24, 2023.

Key Points: 
  • IFF (NYSE: IFF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.81 per share of its common stock, payable on April 6, 2023 to shareholders of record as of March 24, 2023.
  • At IFF (NYSE: IFF), an industry leader in food, beverage, scent, health and biosciences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences.
  • Together, we will do more good for people and planet.
  • Learn more at iff.com, Twitter , Facebook , Instagram , and LinkedIn .

IFF Announces Further Evolution of its Board of Directors

Retrieved on: 
Monday, February 27, 2023
Cosmetics, Retail, Chemicals, Plastics, Manufacturing, Specialty, Food, Beverage, Creativity, Sainsbury's, Self-help group (finance), Audit committee, Audit, CPG, NYSE, Divisional patent application, Sainsbury, United Kingdom, SID, International Flavors & Fragrances, Annual general meeting, All rights reserved, Growth, Kingfisher plc, Registered trademark symbol, Vulnerability and Risk Committee, Centrica, Science, Health, Landsec, Management, Perfume, IFF

IFF (NYSE: IFF) today announced the next phase of the evolution of its Board of Directors, to support the ongoing execution of the company’s strategic transformation and long-term financial vision.

Key Points: 
  • IFF (NYSE: IFF) today announced the next phase of the evolution of its Board of Directors, to support the ongoing execution of the company’s strategic transformation and long-term financial vision.
  • Kevin O’Byrne, Chief Financial Officer and director of J Sainsbury Plc, has been appointed to join the IFF Board, effective March 10, 2023.
  • “On behalf of the entire Board, I would like to thank Ed, Stephen and Matthias for their many contributions to IFF,” said Dale Morrison, Chair of the IFF Board.
  • “I am thrilled to join the IFF Board during such an exciting time for the company,” said Kevin O’Byrne, Incoming IFF Director.

IFF Announces the Sale of Flavor Specialty Ingredients Business to Exponent

Retrieved on: 
Thursday, February 16, 2023
Food, Beverage, Manufacturing, Cosmetics, Retail, Chemicals, Plastics, Registered trademark symbol, Science, Centerview Partners, FSI, International Flavors & Fragrances, NYSE, Sale, Health, Growth, Drug Quality and Security Act, Creativity, Tax, All rights reserved, Perfume, IFF, Teesside, Exponentiation

IFF (NYSE: IFF) today announced it has entered into an agreement to sell its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, for $220 million in cash proceeds.

Key Points: 
  • IFF (NYSE: IFF) today announced it has entered into an agreement to sell its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, for $220 million in cash proceeds.
  • “Aligned with our strategy, we’re continuously evaluating our portfolio to identify opportunities to strengthen our financial profile,” said IFF CEO Frank Clyburn.
  • “The sale of FSI will improve our capital structure while allowing us to focus on our core businesses to enhance growth and returns.
  • IFF and Exponent expect to close the transaction by the end of Q3 2023, subject to customary closing conditions.

IFF to Present at 2023 CAGNY Conference

Retrieved on: 
Monday, February 13, 2023
Food, Beverage, Manufacturing, Cosmetics, Retail, Chemicals, Plastics, Science, NYSE, Health, Creativity, Perfume, IFF

IFF (NYSE: IFF) announced today that the Company’s management will speak at the Consumer Analyst Group of New York (CAGNY) conference in Boca Raton, Florida, on Thursday, Feb. 23 at 1:00 PM ET.

Key Points: 
  • IFF (NYSE: IFF) announced today that the Company’s management will speak at the Consumer Analyst Group of New York (CAGNY) conference in Boca Raton, Florida, on Thursday, Feb. 23 at 1:00 PM ET.
  • Investors may access the live webcast and accompanying slide presentation on the Company's website at ir.iff.com.
  • For those unable to listen to the live webcast, a recorded version will be made available for replay.
  • At IFF (NYSE: IFF), an industry leader in food, beverage, scent, health and biosciences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences.

IFF Provides Update on Evolution of Board of Directors

Retrieved on: 
Thursday, February 2, 2023
Food, Beverage, Manufacturing, Cosmetics, Retail, Chemicals, Plastics, Registered trademark symbol, Science, International Flavors & Fragrances, NYSE, Health, Morrison, Chairperson, Creativity, Chair, All rights reserved, Management, Perfume, IFF

New Board Chair: Roger W. Ferguson, Jr., experienced IFF Board member, has been named Chair of the IFF Board as of the 2023 Annual Shareholder Meeting.

Key Points: 
  • New Board Chair: Roger W. Ferguson, Jr., experienced IFF Board member, has been named Chair of the IFF Board as of the 2023 Annual Shareholder Meeting.
  • He will succeed Dale F. Morrison, who has been a member of the IFF Board since 2011, most recently serving as Chair since 2022.
  • Morrison has notified IFF of his intent to retire from the Board as of the 2023 Annual Shareholder Meeting due to health reasons;
    Board Appointments: Mark J. Costa, Dawn Willoughby and Gary Hu have been appointed to the IFF Board; and
    Board Retirements: Michael Ducker, Ilene Gordon and Kare Schultz have retired as IFF directors.
  • These changes will result in the Board reducing its size to no more than 10 IFF directors and one Icahn Capital designee director by the 2023 Annual Shareholder Meeting.