NEW YORK--(BUSINESS WIRE)--Oct. 9, 2018--
Regulatory News:
International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris:
IFF) (TASE: IFF) today announced that effective today, the Company has
listed and begun trading on the Tel Aviv Stock Exchange (TASE) under the
symbol “IFF.” The TASE listing follows the completion of IFF’s
acquisition of Frutarom, which was announced on October 4, 2018. The
TASE listing will not alter IFF’s share count, capital structure, or
current stock-listings on the New York Stock Exchange (NYSE) and
Euronext Paris, where it also trades under the symbol “IFF.”
“IFF is very excited and committed to continue Frutarom’s longstanding
history as a major presence in Israel, both through our significant
local operations and now with the listing of IFF shares on the Tel Aviv
Stock Exchange,” said Andreas Fibig, IFF Chairman and CEO. “By expanding
our shareholder base in Israel, the listing will allow local investors
to be part of the new IFF. We look forward to accelerating profitable
growth, enhancing free cash flow and generating returns for local
shareholders and all other IFF shareholders around the world.”
The IFF and Frutarom combination creates a global leader in natural
taste, scent and nutrition with expected 2018 pro-forma sales of $5.3
billion. Both IFF and Frutarom have long histories of strength in R&D,
and the combined company will be leveraging these capabilities to
further innovate its portfolio of products. The combined company will be
headquartered in New York City and will maintain a presence in Israel.
Meet IFF
International Flavors & 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&D centers, and 33,000
customers globally. At the heart of our company, we are fueled by a
sense of discovery, constantly asking “what if?”. That passion for
exploration drives us to co-create unique products that consumers
experience in more than 150,000 unique products sold annually. Our
13,000 team members globally take advantage of leading consumer
insights, naturals exploration, research and development, creative
expertise, and customer intimacy to develop differentiated offerings for
consumer products. Learn more at www.iff.com,
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and LinkedIn.
International Flavors & Fragrances Inc.
521 West 57th
Street
New York, NY 10019
T +212.765.5500
F +212.708.7132
iff.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181008005771/en/
Source: International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
Michael DeVeau,
212-708-7164
VP, Global Corporate Strategy, Investor Relations &
Communications
Michael.DeVeau@iff.com