{"id":844791,"date":"2025-05-01T02:03:09","date_gmt":"2025-05-01T06:03:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/iff-completes-divestiture-of-pharma-solutions-business-unit\/"},"modified":"2025-05-01T02:03:09","modified_gmt":"2025-05-01T06:03:09","slug":"iff-completes-divestiture-of-pharma-solutions-business-unit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iff-completes-divestiture-of-pharma-solutions-business-unit\/","title":{"rendered":"IFF Completes Divestiture of Pharma Solutions Business Unit"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>IFF Completes Divestiture of Pharma Solutions Business Unit<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.iff.com&amp;esheet=54246991&amp;newsitemid=20250430298304&amp;lan=en-US&amp;anchor=IFF&amp;index=1&amp;md5=6f3723f685069d56805149475f6bee14\">IFF<\/a> (NYSE: IFF) today announced that it has successfully completed the previously announced divestiture of its Pharma Solutions business unit to Roquette.\n<\/p>\n<p>\n\u201cThe completion of our Pharma Solutions divestiture represents a significant milestone for IFF as we delivered our targeted net debt to credit-adjusted EBITDA of below 3.0x,\u201d said Erik Fyrwald, IFF CEO. \u201cThis is an important step as it allows us to focus on our core strategy \u2013 capitalizing on the exciting growth opportunities within our key businesses \u2013 as we maximize long-term value for our shareholders. We\u2019d like to thank our Pharma Solutions colleagues for their unwavering commitment and their dedication to exceptional customer service. We wish them continued success as they find a new home with Roquette.\u201d\n<\/p>\n<p><b>Welcome to IFF<\/b><\/p>\n<p>\nAt IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products\u2014advancing wellness, delighting the senses and enhancing the human experience.<i \/>Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.iff.com%2F&amp;esheet=54246991&amp;newsitemid=20250430298304&amp;lan=en-US&amp;anchor=iff.com&amp;index=2&amp;md5=ec846dbc98acc6d63e79fb8eb97a6f5c\">iff.com<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fiff%2F&amp;esheet=54246991&amp;newsitemid=20250430298304&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=fd04fd7cbf4e12843a4fa15fbdcaab93\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fiffinc%2F&amp;esheet=54246991&amp;newsitemid=20250430298304&amp;lan=en-US&amp;anchor=Instagram&amp;index=4&amp;md5=a4660926d30499316df7daa4e90c0230\">Instagram<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FInternationalFlavorsandFragrances%2F&amp;esheet=54246991&amp;newsitemid=20250430298304&amp;lan=en-US&amp;anchor=Facebook&amp;index=5&amp;md5=8fab03272f81ad1be0cd32cd0b73a1a7\">Facebook<\/a>.\n<\/p>\n<p>\n\u00a9 2025 by International Flavors &amp; Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250430298304r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250430298304\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250430298304\/en\/<\/a><\/span><\/p>\n<p>\nMedia Relations:<br \/>\n<br \/>Paulina Heinkel<br \/>\n<br \/>332.877.5339<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Media.request@iff.com\">Media.request@iff.com<\/a><\/p>\n<p>\nInvestor Relations:<br \/>\n<br \/>Michael Bender<br \/>\n<br \/>212.708.7263<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Investor.Relations@iff.com\">Investor.Relations@iff.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Research Chemicals\/Plastics Specialty Manufacturing Food\/Beverage Pharmaceutical Health Cosmetics Retail Science<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250430298304\/en\/729366\/3\/New_IFF_logo_2019.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>IFF Completes Divestiture of Pharma Solutions Business Unit NEW YORK&#8211;(BUSINESS WIRE)&#8211;IFF (NYSE: IFF) today announced that it has successfully completed the previously announced divestiture of its Pharma Solutions business unit to Roquette. \u201cThe completion of our Pharma Solutions divestiture represents a significant milestone for IFF as we delivered our targeted net debt to credit-adjusted EBITDA of below 3.0x,\u201d said Erik Fyrwald, IFF CEO. \u201cThis is an important step as it allows us to focus on our core strategy \u2013 capitalizing on the exciting growth opportunities within our key businesses \u2013 as we maximize long-term value for our shareholders. We\u2019d like to thank our Pharma Solutions colleagues for their unwavering commitment and their dedication to exceptional customer service. We wish them &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iff-completes-divestiture-of-pharma-solutions-business-unit\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IFF Completes Divestiture of Pharma Solutions Business Unit&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-844791","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IFF Completes Divestiture of Pharma Solutions Business Unit - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iff-completes-divestiture-of-pharma-solutions-business-unit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFF Completes Divestiture of Pharma Solutions Business Unit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"IFF Completes Divestiture of Pharma Solutions Business Unit NEW YORK&#8211;(BUSINESS WIRE)&#8211;IFF (NYSE: IFF) today announced that it has successfully completed the previously announced divestiture of its Pharma Solutions business unit to Roquette. \u201cThe completion of our Pharma Solutions divestiture represents a significant milestone for IFF as we delivered our targeted net debt to credit-adjusted EBITDA of below 3.0x,\u201d said Erik Fyrwald, IFF CEO. \u201cThis is an important step as it allows us to focus on our core strategy \u2013 capitalizing on the exciting growth opportunities within our key businesses \u2013 as we maximize long-term value for our shareholders. We\u2019d like to thank our Pharma Solutions colleagues for their unwavering commitment and their dedication to exceptional customer service. 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