International Flavors&Fragranc Stock Price, News & Analysis

IFF has launched SEAFLOUR™, a nutrient-dense hydrocolloid derived from non-GMO red seaweed, catering to the growing demand for clean label products in the U.S. The ingredient is suitable for plant-based beverages, offering stability, texture, and nutritional benefits without allergens. SEAFLOUR™ aids manufacturers in reducing fat and sugar levels while enhancing product quality. The sourcing supports local farming and aligns with IFF's 2030 sustainability goals, including responsible-seaweed practices.

IFF (NYSE: IFF) will release its first quarter 2022 earnings results after market close on May 9, 2022. A live webcast discussing the results will be hosted by management on May 10, 2022, at 9:00 a.m. ET. Investors can access the webcast and slide presentation on the company's website, with a recorded version available for playback. IFF is a leader in food, beverage, health, biosciences, and scent, providing innovative solutions to meet global needs.

Smart Cups has announced a multi-year collaboration with IFF, focusing on sustainable consumer products in the health and wellness sector. This partnership will leverage IFF's extensive ingredient portfolio and Smart Cups Technology, which allows for printing ingredients directly on surfaces. The initiative aims to reduce carbon footprints by minimizing the need to ship liquids. Products developed through this collaboration are scheduled for release in 2022, with a broader goal of advancing eco-conscious manufacturing practices.

IFF (NYSE: IFF) has finalized its acquisition of Health Wright Products (HWP), a prominent player in dietary supplement formulation and manufacturing. Known for high-quality nutritional supplements, HWP will enhance IFF's Health & Biosciences division, focusing on probiotic products. The acquisition will retain HWP’s workforce of over 225 employees, and IFF plans to expand HWP's capabilities to meet customer demands. Financial terms of the deal remain undisclosed. This strategic move aims to strengthen IFF’s market position in health and nutrition.

IFF's Industrial Solutions will debut at the American Coatings Show from April 5-7, 2022, showcasing their renewable polymer portfolio and expertise. At booth 1054, they will present solutions for coating and printing ink challenges that enhance functionality, improve savings, and promote worker safety. Notable products include Lattice® NTC, WALSRODER™ Nitrocellulose, and ETHOCEL™. Key presentations by IFF scientists will focus on bio-based paint formulations on April 5 and 6.

IFF (NYSE: IFF) has announced broad-based pricing actions across its four divisions: Nourish, Health & Biosciences, Scent, and Pharma Solutions. This decision is a direct response to rising raw material, energy, and logistics costs due to the geopolitical climate. The company will implement dynamic pricing, with adjustments based on specific product cost increases, ensuring that product prices reflect current market conditions. Account managers will communicate pricing changes to specific clients.

International Flavors & Fragrances (NYSE: IFF) has announced the impending departure of Susana Suarez Gonzalez, PhD, Executive Vice President and Chief Human Resources and Diversity & Inclusion Officer. Peter Sommers, currently VP of Global People Services, will serve as the Interim Chief Human Resources Officer. Dr. Suarez Gonzalez will assist during the transition. CEO Frank Clyburn praised her substantial contributions over six years and expressed confidence in Sommers' capabilities to continue the company’s talent and culture objectives.

IFF (NYSE: IFF) has declared a quarterly cash dividend of $0.79 per share, to be paid on April 6, 2022 to shareholders on record as of March 25, 2022. This dividend reflects IFF's commitment to returning value to its shareholders while continuing its operations in food, beverage, scent, health, and biosciences sectors. As an industry leader, the company emphasizes collaboration and innovation for sustainable solutions.

IFF (NYSE: IFF) has announced its agreement to acquire Health Wright Products, LLC (HWP), a prominent player in dietary supplement formulation and capsule manufacturing. HWP, based in Clackamas, Oregon, generated approximately $100 million in revenue in 2021 and employs over 225 people. This acquisition aims to enhance IFF's Health & Biosciences division by integrating HWP's capabilities for custom formulations and packaging, driving innovation in probiotic products. The transaction is expected to close in Q1 2022, pending customary conditions and regulatory approvals.