IFF · 10-Q · 2026Q2 · Full report

Acquisitions and Divestitures

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

IFF entered into a definitive agreement on May 29, 2026 to divest its Food Ingredients disposal group, which was classified as held for sale and discontinued operations in the second quarter. The Food Ingredients group includes natural, artificial, and plant-based specialty food ingredients, specialty soy protein, emulsifiers, and sweeteners. IFF received $201 million of net proceeds in the first six months from divesting the SCL disposal group and collecting a Pharma Solutions earnout. The company recorded a $27 million loss on assets held for sale related to the CitraSource business in the second quarter and first six months.

Key facts

• Losses on business disposals were $1 million in the second quarter of 2026 compared to $111 million in the second quarter of 2025. source
• Cash flows provided by investing activities during 2025 were primarily comprised of net proceeds of $2,707 million received in the prior year period from the divestitures of the Pharma Solutions disposal group, the Nitrocellulose business and the Tobacco Flavoring business in North America. source
• On May 29, 2026, we announced that we entered into a definitive agreement to divest our Food Ingredients disposal group. source
• We determined that the held for sale and discontinued operations criteria have been met during the second quarter of 2026 and the Company has classified the results of operations of its Food Ingredients disposal group, as well as the results of the SCL disposal group, as discontinued operations. source
• There was a $27 million loss on assets classified as held for sale in the second quarter of 2026 related to the CitraSource business. source
• The Company completed the divestiture of our Pharma Solutions disposal group on May 1, 2025. source
• We divested our Nitrocellulose business on May 9, 2025. source

Impact estimates