IFF Acquires The Additive Advantage; Expands Scent, Taste, and Actives Delivery Capabilities
February 19 2019 - 3:15PM
Business Wire
Regulatory News:
International Flavors & Fragrances Inc. (NYSE: IFF)
(Euronext Paris: IFF) (TASE: IFF), has expanded and strengthened
its innovation capabilities for scent, taste and active ingredients
through the acquisition of The Additive Advantage (TAA), a company
that develops novel technologies with diverse capabilities that
span applications and industries. TAA has the expertise to develop
the next-generation delivery systems technology platform that will
enable the printing of flavors, fragrances, cosmetic and health
& nutrition actives onto a variety of consumer products.
IFF Chairman & CEO Andreas Fibig said, “The acquisition of
TAA helps to expand our large portfolio of offerings to customers
in a truly unique way – through print technology. With the
expertise that this talented group of people brings under our roof,
we envision taking delivery systems to a completely new level and
ultimately enriching how consumers experience our customers’
products.”
“We are genuinely excited to welcome our new colleagues to the
IFF R&D family,” said Dr. Gregory Yep, Chief Scientific and
Sustainability Officer for IFF. “This is the type of technology
that cuts across all our business units and spurs innovation across
the company – creating excitement for our teams and for our
customers.”
The Additive Advantage was founded in 2006 by Salvatore Celeste,
and maintains a research laboratory, engineering facility and sales
office in North Reading, Massachusetts.
# # #
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, Twitter , Facebook, Instagram, and
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20190219005562/en/
Michael DeVeauHead of Investor Relations and Communications
& Divisional CFO, Scent212.708.7164Michael.DeVeau@iff.com
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