US-based International Flavors & Fragrances recorded a 17 percent increase in first quarter revenue, aided by robust Fragrance sales and a strong performance from both divisions in Asia.
Givaudan achieved savings by integrating Quest International ahead
of plan, increasing its product portfolio and allowing it to
refocus on higher value-adding ingredients.
A number of flavor and fragrance companies in the US have united
under one umbrella to create Agilex Flavors & Fragrances Group,
which aims to carve its niche as a leading player in the market.
Symrise has unveiled plans to expand its citrus fragrance and
flavour activities, with building underway for a new centre located
close to the source of high-quality, natural fruits in Brazil.
International Flavours and Fragrances (IFF) is to separate its
business into two different units in a bid to better reflect its
flavour and fragrance operations.
Publicly-floated US flavour supplier Technology Flavors &
Fragrances is set to go private, as industry rival FFG Industries
begins a tender offer to acquire all of the firms outstanding
shares of common stock.
Consolidation in the flavor industry evident as US flavor house
Technology Flavors & Fragrances announces its merger with
fellow flavor firm FFG Industries.