IFF Completes Divestiture of Pharma Solutions Business Unit
IFF (NYSE: IFF) today announced that it has successfully completed the previously announced divestiture of its Pharma Solutions business unit to Roquette.
“The completion of our Pharma Solutions divestiture represents a significant milestone for IFF as we delivered our targeted net debt to credit-adjusted EBITDA of below 3.0x,” said Erik Fyrwald, IFF CEO. “This is an important step as it allows us to focus on our core strategy – capitalizing on the exciting growth opportunities within our key businesses – as we maximize long-term value for our shareholders. We’d like to thank our Pharma Solutions colleagues for their unwavering commitment and their dedication to exceptional customer service. We wish them continued success as they find a new home with Roquette.”
Welcome to IFF
At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience.Learn more at iff.com, LinkedIn, Instagram and Facebook.
© 2025 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250430298304/en/
Contacts
Media Relations:
Paulina Heinkel
332.877.5339
Media.request@iff.com
Investor Relations:
Michael Bender
212.708.7263
Investor.Relations@iff.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
www.businesswire.com
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Blue Yonder Acquires Pledge, Expanding Its End-to-End Supply Chain Platform With Accredited Carbon Emissions Reporting1.5.2025 15:09:00 EEST | Press release
Blue Yonder, the world leader in end-to-end digital supply chain transformation, today announced it acquired the business of Pledge Earth Technologies Ltd. (“Pledge”), including its global supply chain sustainability solution for beneficial cargo owners (BCOs), enterprise supply chain leaders and logistics service providers (LSPs). Blue Yonder’s already robust platform will now expand to include globally accredited logistics CO2e emissions reporting that allows customers to monitor their own emissions and those of their trading partners and suppliers. Pledge provides software solutions to empower enterprise supply chain teams and LSPs to meet their sustainability goals and Scope 3 emissions reporting requirements. Established in 2021 in the UK, Pledge brings accessibility and transparency to freight emissions measurement and reporting, empowering businesses to confidently measure, manage and help reduce their carbon footprint. Pledge’s capabilities automate the collection and exchange
The LYCRA Company Names Melissa Riggs as Chief Marketing Officer1.5.2025 15:00:00 EEST | Press release
The LYCRA Company, a global leader in developing sustainable and innovative fiber and technology solutions for the apparel and personal care industries, today announced that Melissa Riggs, director of marketing, North America, has been promoted to the role of chief marketing officer (CMO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250501847722/en/ The LYCRA Company has promoted Melissa Riggs, director of marketing, North America, to the role of chief marketing officer. Riggs brings more than two decades of brand-building experience in consumer packaged goods and the apparel and footwear industries to her new role, including experience with the GORE-TEX brand. Before joining The LYCRA Company in 2022, Riggs spent 11 years at Molson Coors Beverage Company, specializing in partnership marketing and distributor go-to-market planning. “I am pleased to recognize exceptional talent from within our organization,” said Gary Smit
QPS India Successfully Completes Week-Long US FDA Regulatory Inspection1.5.2025 14:56:00 EEST | Press release
QPS India, a subsidiary of QPS Holdings, LLC (QPS), a GLP/GCP-compliant global full-service Contract Research Organization, has achieved another significant milestone by successfully completing an unscheduled inspection by the US Food and Drug Administration (FDA) from the 21st to the 25th of April 2025. The inspection was a systems & processes audit resulting in the site approval for all studies conducted at QPS India and submitted by sponsors for US regulatory agency approval. This approval marks the 46th successful regulatory inspection for QPS India over the past two decades, including previous audits by the US FDA, EMA, UK MHRA, WHO, ANVISA, NPRA, NABL, GCC, and CDSCO, and reinforces QPS India's unwavering commitment to the highest standards of quality, compliance, and scientific rigor. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250501240186/en/ Kumar Ramu, Senior Vice President & Managing Director, QPS India. “This
LTIMindtree positioned as a Leader in ISG’s Provider Lens™ Evaluation for Oracle Cloud and Technology Ecosystem 20241.5.2025 14:30:00 EEST | Press release
LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, has been named a Leader across all four quadrants in the ISG Provider Lens™ Oracle Cloud and Technology Ecosystem 2025 report for both the United States and Europe by Information Services Group (ISG), a leading global technology research and advisory firm. The ISG Provider Lens™ report evaluates the capabilities of 30 providers across four quadrants: Consulting and Advisory Services, Implementation and Integration Services, Managed Services, and OCI Solutions and Capabilities. LTIMindtree has been named a Leader in all four quadrants, highlighting its robust expertise and commitment to driving digital transformation for enterprises. “LTIMindtree’s leadership in the Oracle Cloud ecosystem stems from its strong commitment to AI-driven automation, deep Oracle expertise, and customer-centric approach. Its proprietary frameworks and accelerators make Oracle Cloud adoption seamless for enterpr
Alimentiv and Dova Health Intelligence (Previously Satisfai Health Inc.) Launch an AI Solution for Scoring of Ulcerative Colitis (UC) at DDW 2025 in San Diego1.5.2025 14:30:00 EEST | Press release
Alimentiv, a global full-service GI contract research organization (CRO) providing clinical trials, medical imaging, and precision medicine services to the pharmaceutical and biotechnology industries, and Dova Health Intelligence™ (formerly Satisfai Health), a Vancouver-based software company focused on the application of artificial intelligence to gastrointestinal disease assessment, are announcing the commercial availability of Dova Health’s DovaVision™,an AI-powered dynamic frame-level Mayo Endoscopic Sub-score (MES) feature analysis solution of endoscopy videos, providing adjunct AI-reads for Phase I through IV UC clinical trials. With DovaVision™, researchers and sponsors have access to enhanced endoscopic evaluation and interpretation, improving the depth of imaging data generated, leading to deeper insights in UC research and clinical development programs. Dova’s technology was designed and built for purpose using a comprehensive global dataset of anonymized IBD colonoscopy vide
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom