NEW YORK--(BUSINESS WIRE)--Feb. 19, 2019--
Regulatory News:
International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris:
IFF) (TASE: IFF), has expanded and strengthened its innovation
capabilities for scent, taste and active ingredients through the
acquisition of The Additive Advantage (TAA), a company that develops
novel technologies with diverse capabilities that span applications and
industries. TAA has the expertise to develop the next-generation
delivery systems technology platform that will enable the printing of
flavors, fragrances, cosmetic and health & nutrition actives onto a
variety of consumer products.
IFF Chairman & CEO Andreas Fibig said, “The acquisition of TAA helps to
expand our large portfolio of offerings to customers in a truly unique
way – through print technology. With the expertise that this talented
group of people brings under our roof, we envision taking delivery
systems to a completely new level and ultimately enriching how consumers
experience our customers’ products.”
“We are genuinely excited to welcome our new colleagues to the IFF R&D
family,” said Dr. Gregory Yep, Chief Scientific and Sustainability
Officer for IFF. “This is the type of technology that cuts across all
our business units and spurs innovation across the company – creating
excitement for our teams and for our customers.”
The Additive Advantage was founded in 2006 by Salvatore Celeste, and
maintains a research laboratory, engineering facility and sales office
in North Reading, Massachusetts.
# # #
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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Instagram,
and LinkedIn.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190219005562/en/
Source: International Flavors & Fragrances Inc.
Michael DeVeau
Head of Investor Relations and Communications &
Divisional CFO, Scent
212.708.7164
Michael.DeVeau@iff.com
