IFF to sell off microbial controls business?

IFF to sell off microbial controls business?

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.

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