IFF Acquires Aromor; Terms Not Disclosed - Intl Flavors & Fragrances (NYSE:IFF)

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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. See full press release

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