Summary：IFF Announces Bold Sale of Food Ingredients Business to Power Portfolio Growth Read more on Google

IFF Announces Bold Sale of Food Ingredients Business to Power Portfolio Growth

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**Introduction**
International Flavors & Fragrances Inc. (IFF) revealed on Monday that it will divest its food‑ingredients segment to focus resources on higher‑margin specialty areas. The transaction, valued at approximately $2.3 billion, marks one of the largest portfolio reshuffles in the company’s decade‑long history and signals a strategic pivot toward growth‑driven businesses such as health‑science, fragrance, and cosmetic actives.

**Key Developments**
Under the agreement, IFF will transfer ownership of its global food‑ingredients portfolio—including flavors, enzymes, and protein solutions—to a consortium led by private‑equity firm KKR. The deal includes a contingent earn‑up tied to performance milestones through 2028, allowing IFF to retain upside if the divested unit exceeds targets. Proceeds will be used to reduce debt, fund acquisitions in the