15-Apr-2015 - IFF International Flavors & Fragrances Inc.

IFF to Acquire Ottens Flavors to Strengthen North American Business

International Flavors & Fragrances Inc. announced that it has entered into an agreement to acquire Henry H. Ottens Manufacturing Co., Inc.. Founded more than 130 years ago, Ottens Flavors is a privately-held company headquartered in Philadelphia, Ottens Flavors’ customer base includes a strong portfolio of key US-based accounts, which complements IFF’s portfolio well.

“This acquisition is an exciting one as it’s the first step in our redefined strategy to win where we compete,” said IFF Chairman and CEO Andreas Fibig. “IFF and Ottens Flavors share rich histories, world-class capabilities, and a strong commitment to innovation. The Robinson family has built a great company over the past six decades, and we’re looking forward to welcoming the employees of Ottens Flavors into the IFF organization. They will be joining a company that has a long track record of success and one that is well-positioned to deliver sustainable profitable growth in the future.”

The transaction, which will be funded from existing resources, is expected to add approximately $60 million in revenue on an annualized basis and be slightly accretive to IFF’s earnings per share in 2015, excluding transaction costs. Financial terms of the deal have not been disclosed.

The completion of this transaction is subject to clearance by the relevant regulatory authorities and satisfaction of other customary closing conditions. Until the transaction closes, which is expected to occur sometime in the second quarter of 2015, Ottens Flavors and IFF will operate as separate companies.

Facts, background information, dossiers
  • IFF
  • flavors
  • acquisitions
More about IFF
  • News

    IFF Announces the Sale of Flavor Specialty Ingredients Business to Exponent

    IFF announced it has entered into an agreement to sell its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, for $220 million in cash proceeds. FSI reports through IFF’s Scent division and is a leading manufacturer of synthetic and natural base ... more

    LANXESS to acquire IFF’s microbial control business

    LANXESS is taking another big step on its growth course: the specialty chemicals company intends to take over the microbial control business of the U.S. group International Flavors & Fragrances Inc. (IFF). Both companies signed a corresponding agreement on August 23, 2021. IFF Microbial Con ... more

    IFF to Expand into Cosmetics Ingredients

    International Flavors & Fragrances Inc. announced that it has made a binding offer for the acquisition of Lucas Meyer Cosmetics, a business of Unipex Group. The transaction is structured as a binding offer in order to allow the seller to consult with its French works council prior to enteri ... more

  • Companies

    International Flavors & Fragrances IFF (Deutschland) GmbH

    We are the catalyst for discoveries that spark the senses and transform the everyday. International Flavors & Fragrances Inc. is a leading innovator of sensorial experiences that move the world. At the heart of our company, we are fueled by a sense of discovery, constantly asking “what if?” ... more

    IFF International Flavors & Fragrances Inc.

    IFF is a leading creator of flavors and fragrances used in a wide variety of consumer products and packaged goods. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, confectionery and food products. T ... more