International Flavors & Fragrances rises on $4.3 bln deal to sell food ingredients business

International Flavors & Fragrances

29/05/2026 12:44

** Shares of food ingredients maker International Flavors & Fragrances IFF.N up about 4% at $81 premarket 
** Co agrees to sell its food ingredients business to private equity firm CVC Capital Partners in a deal that values the unit at about $4.3 billion
** Co has been sharpening its focus on fragrances and health business
** Deal is expected to close at the end of the second quarter of 2027 
** Earlier this month, co beat Wall Street expectations for first-quarter sales and profit
** As of last close, stock up ~16% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))