Market Overview

IFF-LMC Strengthens Product Portfolio with Acquisition of Sustainable Ingredients

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IFF-Lucas Meyer Cosmetics (IFF-LMC), a cosmetic actives subsidiary of
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF)
(TASE:IFF), has expanded and strengthened its strategic portfolio with
the acquisition of three personal care ingredients and related
intellectual property from Kemin Industries, an ingredient manufacturer
committed to improving the quality, safety and efficacy of feed, food
and health-related products. This acquisition expands IFF-LMC's product
portfolio and related offerings to its customers, particularly to those
focused on the environment and sustainability.

"Aligned with IFF and IFF-LMC's commitment to sustainability and natural
product offerings, I am thrilled to announce the addition of these key,
responsibly sourced ingredients to our growing and increasingly diverse
portfolio," said Antonio Lara, President – CEO, IFF-Lucas Meyer
Cosmetics. "Consumers are more aware than ever of the impact their
choices have on the environment, so including these compelling active
and functional products in our line is a win for our customers,
consumers, and the planet."

The acquired products (and associated IP) include:

  • Lysofix™: an easy-to-use and cold-process lysophospholipid emulsifier
    extracted from a non-GMO soybean source. It enhances formulas by
    evenly dispersing sunscreen and makeup pigments, provides immediate
    hydration and support collagen and elastin production while imparting
    a luxurious texture to the skin.
  • XFoliPEARL™: Provides a gentle and efficient exfoliation and is an
    eco-friendly and efficient alternative to plastic beads.
  • MicroCurb™: a broad-spectrum preservative from standardized oregano
    extract.

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About IFF-Lucas Meyer Cosmetics

IFF-Lucas Meyer Cosmetics is headquartered in Quebec City, Canada, with
operations in France and Australia. The Company develops, manufactures
and markets innovative ingredients for the cosmetics and personal care
industry, offering proprietary active ingredients, functional
ingredients and delivery systems that address health and wellness
macro-trends in the beauty industry in both the developed and emerging
markets.

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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