Market Overview

IFF's Frutarom Division Completes Acquisition of 60% of Thailand-based Mighty


Regulatory News:

International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris:IFF)
(TASE:IFF), announced that its Frutarom Division has completed the
acquisition of 60% of the share capital of The Mighty CO. LTD.
("Mighty"), a leading savory solutions provider in Thailand, thus
continuing its growth strategy in Southeast Asia.

Amos Anatot, President of IFF's Frutarom Division, said, "The completion
of this deal with Mighty underscores that the Frutarom division will
continue on its growth strategy and pursue attractive companies that
create new opportunities or build on current capabilities." Mr. Anatot
continued, "And in this case, we are helping to grow our capabilities in
savory solutions – already an area of strength for legacy Frutarom, now

Mighty, founded in 1989, develops, produces and markets reaction
flavors, with particular expertise in savory solutions. The company's
portfolio includes flavors, seasoning blends, marinades, and specialty
functional raw materials for the food and beverage industry.

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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.

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