THE WHAT? IFF is set to auction off its microbial controls business and food preparation unit, according to a report published by Bloomberg quoting sources ‘familiar with the matter’.
THE DETAILS Having recently closed a deal for DuPont’s nutrition and biosciences business, the flavours and fragrances giant is looking to prune its portfolio, Bloomberg says. The two divestments could fetch approximately US$1.7 billion
THE WHY? With industrial cleaning products in high demand, it’s a good time to sell, or so says the recent Lonza deal. With the DuPont acquisition, IFF boasts one of the broadest portfolios in the business and a fine-tuning process could help bed in the new addition.