IFF Strengthens Scent, Taste, Actives Delivery Capabilities with Acquisition of Additive Advantage.
M2 EQUITYBITES-February 21, 2019-IFF Strengthens Scent, Taste, Actives Delivery Capabilities with Acquisition of Additive Advantage
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21 February 2019 - New York, US-based International Flavors and Fragrances Inc. (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF), has acquired Massachusetts, US-based The Additive Advantage (TAA), a company that develops novel technologies, to expand and strengthen capabilities for scent, taste and active ingredients, the company said.
Terms of the transaction were not disclosed.
The Additive Advantage said TAA has the expertise to develop the next-generation delivery systems technology platform that will enable the printing of flavors, fragrances, cosmetic and health and nutrition actives onto a variety of consumer products.
IFF said the acquisition of TAA helps to expand the company's large portfolio of offerings to customers in a truly unique way through print technology.
International Flavors and Fragrances Inc. (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF) is a leading innovator of scent, taste, and nutrition, with over 110 manufacturing facilities, 100 R and D centres, and 33,000 customers globally.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Feb 21, 2019|
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