NEW YORK--(BUSINESS WIRE)--Jun. 3, 2019--
International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris:
IFF) (TASE: IFF), has completed the buyout of the remaining 50% of the
outstanding shares of Wiberg Corporation Inc., located in Oakville,
Wiberg Corporation, a subsidiary of Wiberg GmbH (based in Austria),
specializes in savory solutions like seasoning blends, spices and
functional ingredients for the food industry as well as food processing
equipment. It focuses on processed meats and convenience foods, as well
as on innovative culinary solutions for food service, restaurants,
catering firms and chefs. Wiberg GmbH was acquired by Frutarom in 2015,
which included a 50% holding in its Canadian subsidiary. Wiberg is part
of IFF’s Savory Solutions group and the Canadian subsidiary services
customers across Canada and parts of the US. In addition to Oakville,
Wiberg Corporation has offices in Vancouver, British Columbia, Canada
and Los Angeles, California, US.
The completion of the outstanding share buyout means that Wiberg
Corporation is now fully part of the IFF family of companies and able to
expand offerings to their customers by leveraging IFF products and
technologies. The completion supports IFF’s goal to grow its savory
solutions market leadership globally.
Wiberg Corporation’s President Richard Welzel and its management team
will continue in their leadership roles of the company.
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International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF)
(TASE: IFF) is a leading innovator of scent, taste, and nutrition, with
97 manufacturing facilities, 105 R&D centers, and 39,000 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 90,000 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, Twitter , Facebook,
View source version on businesswire.com: https://www.businesswire.com/news/home/20190603005230/en/
Source: International Flavors & Fragrances Inc.
Head of Investor Relations and Communications &
Divisional CFO, Scent