IFF Acquires Aromor; Terms Not Disclosed
International Flavors & Fragrances (NYSE: IFF) today announced
that it has completed the acquisition of Aromor Flavors and Fragrances
Ltd., a privately held manufacturer and marketer of complex specialty
ingredients that are used in fragrances and flavors.
While terms of the transaction have not been disclosed, the Aromor
operations would have represented approximately $35 million of
incremental sales to IFF's results in 2013 on a proforma basis. IFF
funded the transaction from existing resources. Aromor will become part
of the IFF Fragrances Ingredients business and is expected to be
accretive to IFF's earnings per share in 2014.