{"id":864634,"date":"2023-02-16T18:02:49","date_gmt":"2023-02-16T17:02:49","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/iff-announces-the-sale-of-flavor-specialty-ingredients-business-to-exponent\/"},"modified":"2023-02-16T18:02:49","modified_gmt":"2023-02-16T17:02:49","slug":"iff-announces-the-sale-of-flavor-specialty-ingredients-business-to-exponent","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/iff-announces-the-sale-of-flavor-specialty-ingredients-business-to-exponent\/","title":{"rendered":"IFF Announces the Sale of Flavor Specialty Ingredients Business to Exponent"},"content":{"rendered":"NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today 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\u2019s Scent division and is a leading manufacturer of synthetic and natural base aroma chemicals used in the flavor market. Cash proceeds from the transaction, net of taxes and expenses, will be used to reduce outstanding debt.\n\n\n\n\u201cAligned with our strategy, we\u2019re continuously evaluating our portfolio to identify opportunities to strengthen our financial profile,\u201d said IFF CEO Frank Clyburn. \u201cThe sale of FSI will improve our capital structure while allowing us to focus on our cor<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;IFF (NYSE: IFF) today 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\u2019s Scent division and is a leading manufacturer of synthetic and natural base aroma chemicals used in [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-864634","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IFF Announces the Sale of Flavor Specialty Ingredients Business to Exponent - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/iff-announces-the-sale-of-flavor-specialty-ingredients-business-to-exponent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFF Announces the Sale of Flavor Specialty Ingredients Business to Exponent - BeBeez\" \/>\n<meta property=\"og:description\" content=\"NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today 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. 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