IFF · 8-K · 20260804PR000028

Food Ingredients Divestiture

INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 71 · Surprise 60

IFF agreed on May 29, 2026 to sell its Food Ingredients disposal group to CVC Capital Partners for approximately $3.8 billion of net cash proceeds, subject to customary adjustments and regulatory approvals. The transaction is expected to close by the end of the second quarter of 2027, and IFF will retain an approximately 10% minority equity interest. IFF completed the SCL disposal-group divestiture on March 2, 2026 as part of a strategy to divest most of Food Ingredients and focus on Taste, Scent, and Health & Biosciences. The Food Ingredients and SCL businesses are presented as discontinued operations, contributing $827 million of second-quarter sales and $140 million of adjusted operating EBITDA.

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