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International Flavors & Fragrances

January 01, 1970

For the American comic book, see Chew: International Flavor. For other uses, see IFF.

International Flavors & Fragrances (IFF) is an American corporation that creates products across taste, texture, scent, nutrition, enzymes, cultures, soy proteins, and probiotics categories, which it markets globally. It is headquartered in New York City and has creative, sales, and manufacturing facilities in 44 different countries. The company is a member of the S&P 500 Index.

International Flavors & Fragrances (IFF)
IFF Logo
IFF
Company typePublic
NYSE: IFF
S&P 500 Component TASE: IFF
TA-35 Component
IndustrySpecialty chemicals
Research and development
Founded1889 (1889)
Headquarters521 W. 57th St NY NY 10019,
New York
,
United States
Number of locations
104 manufacturing facilities & 82 laboratories (2019)
Area served
Worldwide
Key people
Erik Fyrwald, CEO
ProductsFlavoring and fragrances
Revenue$5,140 Million (2019[1])
$697 Million (2019[1])
$455 Million (2019[1])
Total assets$13,287 Million (2019[1])
Total equity$6,229 Million (2019[1])
Number of employees
24,600[2] (2023)
Websitewww.iff.com

History edit

International Flavors & Fragrances was formed in 1958 by the merger between Polak & Schwarz (P&S) and van Ameringen-Haebler. Polak & Schwarz was founded in 1889 by Leopold Schwarz, who had an interest in spices, flavors, and fragrances, and his brother-in-law, Joseph Polak in the small Dutch town of Zutphen. P&S quickly grew to 36 sites globally. Arnold Louis (A.L.) van Ameringen was hired by Polak & Schwarz to open P&S's US office in 1917 before losing his job with them. Relieved of his duties, he opened van Ameringen & Co. at 13 Gold Street in Manhattan, took over Morana, Inc. in 1920, and became van Ameringen-Haebler (VAH) in 1929.

Constant Cornelis (Cook) Brummer was a director at Polak & Schwarz during World War II. Because he saved hundreds of Jewish workers lives, he is compared to Oskar Schindler. He was recognized by Israel as Righteous Among the Nations in January 2017, for risking his own life to save others from the Nazis.[3][4][5]

The two companies did well through the bulk of the 20th century, despite difficulties for P&S during World War II. While both companies managed flavors and fragrances, Polak & Schwarz had particular strengths in flavors and van Ameringen-Haebler built a powerful reputation in fragrances. In 1958, the two companies announced their merger to become International Flavors & Fragrances Inc. IFF was listed on the New York Stock Exchange in 1964. It was cross listed to the Euronext Paris Market in 2015, becoming the first US-listed company to make use of Euronext Paris Fast Path process.[6]

In 1968, in conjunction with the Monell Foundation, IFF established the Monell Chemical Senses Center, dedicated to the research of taste and smell.[7]

In 1985, Dr. Braja D. Mookherjee, a scientist at IFF, pioneered Living Flower technology, which changed the way perfumes are created. In 1990, IFF broke ground in their R&D facility located in Union Beach, NJ, to develop its 5,000-square-foot greenhouse and botanical garden, which can maintain tropical and subtropical temperature zones for more than 1,300 varieties of exotic plants.[8]

It is home to a miniature rose called "Overnight Scentsation" (also known as the "Space Rose") which was cultivated for experiments in space and left the Earth during a 10-day flight on board the shuttle Discovery (STS-95) in 1998. Low gravity critically altered the fragrance of the rose, which was later commercialized by IFF and Shiseido.[9][10][11][12]

Henry G. Walter, Jr., former IFF Chairman, 1962–1985,[13] was a noted philanthropist and prolific writer, who pioneered the field of aromatherapy. He is considered one of the most influential people in the Industry.[14] It has been speculated that he inspired some of the storylines and characters in the book Masters of Sex by Thomas Maier, as well as the Showtime series by the same the name.[15] During World War II, his wife, Rosalind (Palmer) Walter worked on the night shift as a riveter on the Corsair, the F4U Marine gull-winged, fighter airplane, inspiring the song "Rosie the Riveter."

In 2000, IFF acquired Laboratoire Monique Rémy based in Grasse, France and forms IFF LMR Naturals, strengthening its position in the development and use of raw materials, natural ingredients for fragrances and flavors.[16] In 2000, IFF acquired Bush Boake Allen with its complementary products, technologies, and presence in key markets, making IFF the largest flavor and fragrance house in the world for several years.

In 2014, IFF acquired Aromor Flavors and Fragrances Ltd., a privately held manufacturer and marketer of complex specialty ingredients that are used in fragrances and flavors based in Israel in Kibbutz Givat Oz.[17]

In 2015, IFF announced that it completed the acquisition of Ottens Flavors.[18] This was followed in 2016 with the acquisition of David Michael & Company. Using this merger as a catalyst, they have since launched Tastepoint by IFF to serve dynamic middle-tier customers.

In 2015, IFF acquired Lucas Meyer Cosmetics, a cosmetic actives firm based in Canada that develops, manufactures and markets innovative ingredients for the cosmetic and personal care industry.[19] Lucas Meyer Cosmetics was sold to Clariant in April 2024. [20]

IFF has creative, sales, and manufacturing facilities in 44 different countries and is a member of the S&P 500 Index. IFF is a $10.8 billion market capital company[21] with a global footprint that generated over 75 percent of its 2016 sales outside the United States and 51 percent in the emerging markets.[citation needed] In 2014, the Company celebrated its 125th anniversary year, from the founding of Polak & Schwarz on January 27, 1889 in Zutphen, Netherlands, to the 1958 merger with van Ameringen-Haebler to form IFF. IFF is ranked among Forbes Best Employers.[22]

On May 8, 2018, IFF acquired the Israeli company Frutarom for $7.1 Billion.[23]

Between 2016 and 2018, Kirsten, Finn and Jorn Rausing became the top shareholders of IFF, having bought nearly 20% of the shares via entities in Singapore and Liechtenstein.[24]

In 2019, IFF announced the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction. The deal values the combined company at $45.4 billion on an enterprise value basis, reflecting a value of $26.2 billion for the N&B business based on IFF’s share price as of December 13, 2019.

In December 2022, French private equity firm PAI Partners announced their acquisition of IFF's Savory Solutions Group, which is valued at about $900 million. Upon the deal's completion, the private equity firm rebranded the solutions group as NovaTaste. [25]

In March 2024, it was announced IFF has sold its IFF Pharma Solutions division to the France-based family owned company, Roquette for $2.85 billion.[26]

Environmental Record edit

IFF published its first external sustainability report: Sustainability: The Essence of IFF in 2011. In 2012, IFF adopted the 12 Principles of Green Chemistry as an important differentiator in product design and development.

In 2014, IFF opened a 4,000 kilowatt Photovoltaic Solar Installation in New Jersey, which supplies approximately 40 percent of the electricity needs of its Hazlet, NJ fragrances manufacturing and creative center facilities. It has more than 16,000 modules and approximately 1 million solar cells covering 20 acres of IFF property, making IFF a leader in renewable energy in its sector.[27]

In 2015, IFF achieved LEED Silver Certification for its Flavors Creative Center in Indonesia and achieved Roundtable for Sustainable Palm Oil (RSPO) Supply Chain Certification for its facilities in the United States, the United Kingdom and the Netherlands.[28]

In 2015, Coca-Cola, FUJIFILM, International Flavors and Fragrances, Agristo, Cofely and Water Board De Dommel opened a collective waste water treatment plant on the premises of FUJIFILM in Tilburg, Netherlands. The waste water treatment plant can process about 10 million litre per day or more than 3.5 billion litre waste water per year. The plant has a low level of energy consumption and implements the latest technology in the field of water treatment. After treatment, the waste water is discharged as clean water into the Wilhelmina Canal, making it available for reuse by the four companies, or for another sustainable use in the Tilburg region.[29][30]

In 2016, IFF was awarded a place on the CDP Climate "A" List for the 2nd year in a row and achieved a 7% year-over-year reduction in GHG emissions intensity.[31] IFF also became the first flavors and fragrances company to join Together for Sustainability (TfS), driving responsible sourcing throughout their supply chain.[32]

In 2016, IFF deployed the industry's first-ever on-site wind turbine at its Tilburg, Netherlands manufacturing facility.[33][34] It has an output of 2.4 megawatts, producing approximately 6.5 million kWh of renewable electricity per year, which provides up to 30 percent of the site's electricity needs, and when combined with purchased green electricity the facility is powered by 100 percent renewable electricity.

In 2016, IFF released the First-Ever Cradle to Cradle Certified™ Fragrance: PuraVita™. Designed through a mindset of sustainability the fragrance earned IFF a Platinum level Material Health Certificate.[35][36]

In 2016, IFF and Unilever launched the Vetiver Together Partnership to Improve the Lives of Vetiver Farming Communities in Haiti and strengthen the supply chain. The project is supported by the Enhancing Livelihoods Fund – a partnership between Unilever, Oxfam Great Britain, and the Ford Foundation and is being implemented by Heifer International in Haiti.[37][38]

IFF is rated gold by EcoVadis for sustainability, which ranks it as a top supplier and partner.[39][40]

In 2017, IFF, headquartered in Manhattan, New York City, joined the We Are Still In[41] network demonstrating America's enduring commitment to tackling climate change, ensuring a clean energy future, and upholding the Paris Agreement. IFF announced that it joined the American Business Act on Climate Pledge in 2015.[42]

In 2017, International Flavors & Fragrances’ South Brunswick, New Jersey facility earned GreenCircle Certified LLC Zero Waste to Landfill facility status, making it the only facility of its kind in the flavor and fragrance industry to achieve GreenCircle's zero waste status.[43][44]

IFF was recognized as one of the top green companies in the U.S. in the 2016 Newsweek Green Rankings [45] and named on Barron's 100 Most Sustainable Companies List [46] in 2018.

Partnerships edit

In 2001, IFF collaborated with the Cosmetic Executive Women (CEW) at the Raymond-Poincaré hospital in Garches, France to develop Olfactotherapy, based on the link between smells and memories, which is now used in several hospitals to help patients with brain injuries, stroke victims and Alzheimer's patients with memory impairment or of language.[47][48]

In 2016, IFF joined the Well Living Lab as a Sustaining Alliance Member. The Well Living Lab is a collaboration of the Mayo Clinic and Delos Innovate Well that is seeking to, among other things, study indoor environments and create healthier indoor spaces.[49]

In 2017, IFF Lucas Meyer Cosmetics invested in Bio ForeXtra to expand its raw material access.[50]

IFF is a member of the European Flavour Association.[51]

Controversy edit

IFF has been involved in several lawsuits relating to cases of bronchiolitis obliterans allegedly resulting from exposure to diacetyl in butter flavorings by workers at the Gilster-Mary Lee popcorn plant in Jasper, Missouri. The plaintiffs claim the manufacturers knew about the dangers of the butter flavoring used in the popcorn factory but failed to give a warning. The defendants said they were unaware of the risk and suggested there was not enough evidence to prove their product had caused the disease. Several suits have already been settled amounting to almost $53 million in damages.[52]

CEOs edit

  • J. Erik Fyrwald: 2024-Present
  • Frank Clyburn: 2022-2024
  • Andreas Fibig: 2014–2022[53]
  • Doug Tough: 2010–2014 [54]
  • Robert Amen: 2006–2009.[55]

See also edit

References edit

  1. ^ a b c d e "IFF: KEY FINANCIAL DATA". Finance.yahoo.com.
  2. ^ https://ir.iff.com/node/37546/html/. {{cite web}}: Missing or empty |title= (help)
  3. ^ nl:Cook Brummer
  4. ^ "Righteous Among the Nations Honored by Yad Vashem by 1 January 2018 : The Netherlands" (PDF). Yadvashem.org. Retrieved 1 August 2018.
  5. ^ "Actueel". Binnenland.eenVandaag.nl. Retrieved 1 August 2018.
  6. ^ "Investors". ir.iff.com. Retrieved 1 August 2018.
  7. ^ "Monell Chemical Senses Center". Monell.org. Retrieved 1 August 2018.
  8. ^ "Living flower technology makes rose perfume actually smell like a rose". LJWorld.com. Retrieved 1 August 2018.
  9. ^ "IFF V.P., Global Director Dr. Braja Mookherjee Dies. (Industry News)". Thefreelibrary.com. Retrieved 1 August 2018.
  10. ^ "NASA - Space Scents". Nasa.gov. Retrieved 1 August 2018.
  11. ^ Oakes, Kelly. "Happy Valentine's Day! Here's a space rose". Blogs.scientificamerican.com. Retrieved 1 August 2018.
  12. ^ "5 Strange Items Developed from NASA Technology". Science.howstuffworks.com. 3 March 2011. Retrieved 1 August 2018.
  13. ^ "Columbia College Today". College.columbia.edu. Retrieved 1 August 2018.
  14. ^ "Henry G. Walter, Jr. - Leadership - Harvard Business School". Hbs.edu. Retrieved 1 August 2018.
  15. ^ "The Perfume King and The Scent of Love: Read This Excerpt from "Masters of Sex"". Thomasmaierbooks.com. 31 July 2015. Retrieved 1 August 2018.
  16. ^ "IFF to Acquire Laboratoire Monique Remy". Foodingredientsonline.com. Retrieved 1 August 2018.
  17. ^ "US flavorings giant IFF buys Aromor for $88 million". Timesofisrael.com. Retrieved 1 August 2018.
  18. ^ "Flavors & fragrances giant IFF strikes deal to acquire Henry H. Ottens Manufacturing Co". Foodnagivator-usa.com. Retrieved 1 August 2018.
  19. ^ "IFF acquires Lucas Meyer Cosmetics for €283m". Cosmeticsbusiness.com. Retrieved 1 August 2018.
  20. ^ Basel, Clariant Ltd. "Lucas Meyer Cosmetics". Clariant Ltd. Retrieved 2024-04-29.
  21. ^ "IFF Income Statement - Internationa Flavors & Fragranc Stock - Yahoo Finance". finance.yahoo.com. Retrieved 1 August 2018.
  22. ^ "International Flavors & Fragrances on the Forbes America's Best Midsize Employers List". Forbes.com. Retrieved 1 August 2018.
  23. ^ "Investors". ir.iff.com. Retrieved 2018-05-10.[permanent dead link]
  24. ^ Naidu, Richa. "Exclusive: Billionaire family behind Tetra Pak revealed as mystery IFF shareholder". Reuters. Retrieved 2018-10-24.
  25. ^ "PAI introduces NovaTaste | Food Business News". www.foodbusinessnews.net. Retrieved 2023-10-24.
  26. ^ biopharma-reporter.com (2024-03-20). "Roquette snaps up IFF Pharma Solutions for $2.85 billion". biopharma-reporter.com. Retrieved 2024-03-20.
  27. ^ "IFF Opens Photovoltaic Solar Installation in New Jersey". Perfumerflavorist.com. 19 June 2014. Retrieved 1 August 2018.
  28. ^ Archived from the original on 2017-10-19. Retrieved 2017-10-19.
  29. ^ "Coca-Cola European Partners : News : New shared waste water treatment plant project launches in the Netherlands". Cokecce.com. 5 January 2016. Retrieved 1 August 2018.
  30. ^ "Coca-Cola, Fujifilm, IFF, Agristo, Cofely and Water Board De Dommel turn first shovel of soil for collective waste water treatment plant". FUJIFILM Europe. Retrieved 1 August 2018.
  31. ^ "CDP". Cdp.net. Retrieved 1 August 2018.
  32. ^ . Cleaninginstitute.org. Archived from the original on 1 August 2018. Retrieved 1 August 2018.
  33. ^ . Archived from the original on 2016-06-14. Retrieved 2017-10-19.
  34. ^ "Wind to power flavour and fragrance factory". Decentralized-energy.com. Retrieved 1 August 2018.
  35. ^ "IFF Goes Circular with New Sustainability Strategy, Cradle to Cradle Certified™ Fragrance". sustainablebrands.com. 3 June 2016. Retrieved 1 August 2018.
  36. ^ "PuraVita". C2c-centre.com. Retrieved 1 August 2018.
  37. ^ . Archived from the original on 2021-06-21. Retrieved 2017-10-19.
  38. ^ "IFF and Unilever partner to help vetiver farmers in Haiti". Cosmeticdesign-europe.com. 18 July 2016. Retrieved 1 August 2018.
  39. ^ "2017 Leaderboard: IFF Innovates for a Sustainable FF". Perfumerflavorist.com. 28 June 2017. Retrieved 1 August 2018.
  40. ^ . Global Cosmetics News. Archived from the original on 19 October 2017. Retrieved 1 August 2018.
  41. ^ . Archived from the original on 2017-10-19. Retrieved 2017-10-19.
  42. ^ "American Business Act on Climate Pledge". The White House. Retrieved 1 August 2018.
  43. ^ "International Flavors and Fragrances - Dayton - NJ Sustainability". registry.njsbdc.com. Retrieved 1 August 2018.
  44. ^ McCandless, Mary Ellen (25 July 2017). "IFF Is Fragrance Industry's First Zero-Waste-To-Landfill Facility". Facilityexecutive.com. Retrieved 1 August 2018.
  45. ^ "Full U.S. Rankings". Newsweek.com. 14 December 2017. Retrieved 1 August 2018.
  46. ^ Norton, Leslie P. "Barron's 100 Most Sustainable Companies". Barrons.com. Retrieved 1 August 2018.
  47. ^ "Ateliers olfactifs - CEW France". Cew.asso.fr. Retrieved 1 August 2018.
  48. ^ [1] [dead link]
  49. ^ "The Well Living Lab(TM) - a Delos(TM) and Mayo Clinic Collaboration - Announces First Alliance Members". Relationship Science. Retrieved 1 August 2018.
  50. ^ "IFF-Lucas Meyer invests in Canadas Bio ForeXtra". Cosmeticsbusiness.com. Retrieved 1 August 2018.
  51. ^ . EFFA. Archived from the original on 8 April 2019. Retrieved 3 March 2018.
  52. ^ "IFF fined €12m in popcorn flavour case". Food Navigator. 7 September 2005. Retrieved 4 May 2015.
  53. ^ "Andreas Fibig". Bloomberg News. Retrieved 2018-03-30.
  54. ^ "Doug Tough". Bloomberg News. Retrieved 2018-03-30.
  55. ^ "Robert M. Amen". Bloomberg News. Retrieved 2018-02-03.

External links edit

  • Official website
  • Business data for International Flavors & Fragrances:
    • Google
    • SEC filings
    • Yahoo!
  • The World of Smell: An Inside Tour of the World's Largest Perfume Lab 2011-04-25 at the Wayback Machine Time magazine, 2007

January 01, 1970
international, flavors, fragrances, american, comic, book, chew, international, flavor, other, uses, american, corporation, that, creates, products, across, taste, texture, scent, nutrition, enzymes, cultures, proteins, probiotics, categories, which, markets, . For the American comic book see Chew International Flavor For other uses see IFF International Flavors amp Fragrances IFF is an American corporation that creates products across taste texture scent nutrition enzymes cultures soy proteins and probiotics categories which it markets globally It is headquartered in New York City and has creative sales and manufacturing facilities in 44 different countries The company is a member of the S amp P 500 Index International Flavors amp Fragrances IFF IFF LogoTrade nameIFFCompany typePublicTraded asNYSE IFFS amp P 500 Component TASE IFFTA 35 ComponentIndustrySpecialty chemicalsResearch and developmentFounded1889 1889 Headquarters521 W 57th St NY NY 10019 New York United StatesNumber of locations104 manufacturing facilities amp 82 laboratories 2019 Area servedWorldwideKey peopleErik Fyrwald CEOProductsFlavoring and fragrancesRevenue 5 140 Million 2019 1 Operating income 697 Million 2019 1 Net income 455 Million 2019 1 Total assets 13 287 Million 2019 1 Total equity 6 229 Million 2019 1 Number of employees24 600 2 2023 Websitewww wbr iff wbr com Contents 1 History 2 Environmental Record 3 Partnerships 4 Controversy 5 CEOs 6 See also 7 References 8 External linksHistory editInternational Flavors amp Fragrances was formed in 1958 by the merger between Polak amp Schwarz P amp S and van Ameringen Haebler Polak amp Schwarz was founded in 1889 by Leopold Schwarz who had an interest in spices flavors and fragrances and his brother in law Joseph Polak in the small Dutch town of Zutphen P amp S quickly grew to 36 sites globally Arnold Louis A L van Ameringen was hired by Polak amp Schwarz to open P amp S s US office in 1917 before losing his job with them Relieved of his duties he opened van Ameringen amp Co at 13 Gold Street in Manhattan took over Morana Inc in 1920 and became van Ameringen Haebler VAH in 1929 Constant Cornelis Cook Brummer was a director at Polak amp Schwarz during World War II Because he saved hundreds of Jewish workers lives he is compared to Oskar Schindler He was recognized by Israel as Righteous Among the Nations in January 2017 for risking his own life to save others from the Nazis 3 4 5 The two companies did well through the bulk of the 20th century despite difficulties for P amp S during World War II While both companies managed flavors and fragrances Polak amp Schwarz had particular strengths in flavors and van Ameringen Haebler built a powerful reputation in fragrances In 1958 the two companies announced their merger to become International Flavors amp Fragrances Inc IFF was listed on the New York Stock Exchange in 1964 It was cross listed to the Euronext Paris Market in 2015 becoming the first US listed company to make use of Euronext Paris Fast Path process 6 In 1968 in conjunction with the Monell Foundation IFF established the Monell Chemical Senses Center dedicated to the research of taste and smell 7 In 1985 Dr Braja D Mookherjee a scientist at IFF pioneered Living Flower technology which changed the way perfumes are created In 1990 IFF broke ground in their R amp D facility located in Union Beach NJ to develop its 5 000 square foot greenhouse and botanical garden which can maintain tropical and subtropical temperature zones for more than 1 300 varieties of exotic plants 8 It is home to a miniature rose called Overnight Scentsation also known as the Space Rose which was cultivated for experiments in space and left the Earth during a 10 day flight on board the shuttle Discovery STS 95 in 1998 Low gravity critically altered the fragrance of the rose which was later commercialized by IFF and Shiseido 9 10 11 12 Henry G Walter Jr former IFF Chairman 1962 1985 13 was a noted philanthropist and prolific writer who pioneered the field of aromatherapy He is considered one of the most influential people in the Industry 14 It has been speculated that he inspired some of the storylines and characters in the book Masters of Sex by Thomas Maier as well as the Showtime series by the same the name 15 During World War II his wife Rosalind Palmer Walter worked on the night shift as a riveter on the Corsair the F4U Marine gull winged fighter airplane inspiring the song Rosie the Riveter In 2000 IFF acquired Laboratoire Monique Remy based in Grasse France and forms IFF LMR Naturals strengthening its position in the development and use of raw materials natural ingredients for fragrances and flavors 16 In 2000 IFF acquired Bush Boake Allen with its complementary products technologies and presence in key markets making IFF the largest flavor and fragrance house in the world for several years In 2014 IFF acquired Aromor Flavors and Fragrances Ltd a privately held manufacturer and marketer of complex specialty ingredients that are used in fragrances and flavors based in Israel in Kibbutz Givat Oz 17 In 2015 IFF announced that it completed the acquisition of Ottens Flavors 18 This was followed in 2016 with the acquisition of David Michael amp Company Using this merger as a catalyst they have since launched Tastepoint by IFF to serve dynamic middle tier customers In 2015 IFF acquired Lucas Meyer Cosmetics a cosmetic actives firm based in Canada that develops manufactures and markets innovative ingredients for the cosmetic and personal care industry 19 Lucas Meyer Cosmetics was sold to Clariant in April 2024 20 IFF has creative sales and manufacturing facilities in 44 different countries and is a member of the S amp P 500 Index IFF is a 10 8 billion market capital company 21 with a global footprint that generated over 75 percent of its 2016 sales outside the United States and 51 percent in the emerging markets citation needed In 2014 the Company celebrated its 125th anniversary year from the founding of Polak amp Schwarz on January 27 1889 in Zutphen Netherlands to the 1958 merger with van Ameringen Haebler to form IFF IFF is ranked among Forbes Best Employers 22 On May 8 2018 IFF acquired the Israeli company Frutarom for 7 1 Billion 23 Between 2016 and 2018 Kirsten Finn and Jorn Rausing became the top shareholders of IFF having bought nearly 20 of the shares via entities in Singapore and Liechtenstein 24 In 2019 IFF announced the merger of IFF and DuPont s Nutrition amp Biosciences N amp B business in a Reverse Morris Trust transaction The deal values the combined company at 45 4 billion on an enterprise value basis reflecting a value of 26 2 billion for the N amp B business based on IFF s share price as of December 13 2019 In December 2022 French private equity firm PAI Partners announced their acquisition of IFF s Savory Solutions Group which is valued at about 900 million Upon the deal s completion the private equity firm rebranded the solutions group as NovaTaste 25 In March 2024 it was announced IFF has sold its IFF Pharma Solutions division to the France based family owned company Roquette for 2 85 billion 26 Environmental Record editIFF published its first external sustainability report Sustainability The Essence of IFF in 2011 In 2012 IFF adopted the 12 Principles of Green Chemistry as an important differentiator in product design and development In 2014 IFF opened a 4 000 kilowatt Photovoltaic Solar Installation in New Jersey which supplies approximately 40 percent of the electricity needs of its Hazlet NJ fragrances manufacturing and creative center facilities It has more than 16 000 modules and approximately 1 million solar cells covering 20 acres of IFF property making IFF a leader in renewable energy in its sector 27 In 2015 IFF achieved LEED Silver Certification for its Flavors Creative Center in Indonesia and achieved Roundtable for Sustainable Palm Oil RSPO Supply Chain Certification for its facilities in the United States the United Kingdom and the Netherlands 28 In 2015 Coca Cola FUJIFILM International Flavors and Fragrances Agristo Cofely and Water Board De Dommel opened a collective waste water treatment plant on the premises of FUJIFILM in Tilburg Netherlands The waste water treatment plant can process about 10 million litre per day or more than 3 5 billion litre waste water per year The plant has a low level of energy consumption and implements the latest technology in the field of water treatment After treatment the waste water is discharged as clean water into the Wilhelmina Canal making it available for reuse by the four companies or for another sustainable use in the Tilburg region 29 30 In 2016 IFF was awarded a place on the CDP Climate A List for the 2nd year in a row and achieved a 7 year over year reduction in GHG emissions intensity 31 IFF also became the first flavors and fragrances company to join Together for Sustainability TfS driving responsible sourcing throughout their supply chain 32 In 2016 IFF deployed the industry s first ever on site wind turbine at its Tilburg Netherlands manufacturing facility 33 34 It has an output of 2 4 megawatts producing approximately 6 5 million kWh of renewable electricity per year which provides up to 30 percent of the site s electricity needs and when combined with purchased green electricity the facility is powered by 100 percent renewable electricity In 2016 IFF released the First Ever Cradle to Cradle Certified Fragrance PuraVita Designed through a mindset of sustainability the fragrance earned IFF a Platinum level Material Health Certificate 35 36 In 2016 IFF and Unilever launched the Vetiver Together Partnership to Improve the Lives of Vetiver Farming Communities in Haiti and strengthen the supply chain The project is supported by the Enhancing Livelihoods Fund a partnership between Unilever Oxfam Great Britain and the Ford Foundation and is being implemented by Heifer International in Haiti 37 38 IFF is rated gold by EcoVadis for sustainability which ranks it as a top supplier and partner 39 40 In 2017 IFF headquartered in Manhattan New York City joined the We Are Still In 41 network demonstrating America s enduring commitment to tackling climate change ensuring a clean energy future and upholding the Paris Agreement IFF announced that it joined the American Business Act on Climate Pledge in 2015 42 In 2017 International Flavors amp Fragrances South Brunswick New Jersey facility earned GreenCircle Certified LLC Zero Waste to Landfill facility status making it the only facility of its kind in the flavor and fragrance industry to achieve GreenCircle s zero waste status 43 44 IFF was recognized as one of the top green companies in the U S in the 2016 Newsweek Green Rankings 45 and named on Barron s 100 Most Sustainable Companies List 46 in 2018 Partnerships editIn 2001 IFF collaborated with the Cosmetic Executive Women CEW at the Raymond Poincare hospital in Garches France to develop Olfactotherapy based on the link between smells and memories which is now used in several hospitals to help patients with brain injuries stroke victims and Alzheimer s patients with memory impairment or of language 47 48 In 2016 IFF joined the Well Living Lab as a Sustaining Alliance Member The Well Living Lab is a collaboration of the Mayo Clinic and Delos Innovate Well that is seeking to among other things study indoor environments and create healthier indoor spaces 49 In 2017 IFF Lucas Meyer Cosmetics invested in Bio ForeXtra to expand its raw material access 50 IFF is a member of the European Flavour Association 51 Controversy editIFF has been involved in several lawsuits relating to cases of bronchiolitis obliterans allegedly resulting from exposure to diacetyl in butter flavorings by workers at the Gilster Mary Lee popcorn plant in Jasper Missouri The plaintiffs claim the manufacturers knew about the dangers of the butter flavoring used in the popcorn factory but failed to give a warning The defendants said they were unaware of the risk and suggested there was not enough evidence to prove their product had caused the disease Several suits have already been settled amounting to almost 53 million in damages 52 CEOs editJ Erik Fyrwald 2024 Present Frank Clyburn 2022 2024 Andreas Fibig 2014 2022 53 Doug Tough 2010 2014 54 Robert Amen 2006 2009 55 See also editFirmenich Takasago Symrise Givaudan FrutaromReferences edit a b c d e IFF KEY FINANCIAL DATA Finance yahoo com https ir iff com node 37546 html a href Template Cite web html title Template Cite web cite web a Missing or empty title help nl Cook Brummer Righteous Among the Nations Honored by Yad Vashem by 1 January 2018 The Netherlands PDF Yadvashem org Retrieved 1 August 2018 Actueel Binnenland eenVandaag nl Retrieved 1 August 2018 Investors ir iff com Retrieved 1 August 2018 Monell Chemical Senses Center Monell org Retrieved 1 August 2018 Living flower technology makes rose perfume actually smell like a rose LJWorld com Retrieved 1 August 2018 IFF V P Global Director Dr Braja Mookherjee Dies Industry News Thefreelibrary com Retrieved 1 August 2018 NASA Space Scents Nasa gov Retrieved 1 August 2018 Oakes Kelly Happy Valentine s Day Here s a space rose Blogs scientificamerican com Retrieved 1 August 2018 5 Strange Items Developed from NASA Technology Science howstuffworks com 3 March 2011 Retrieved 1 August 2018 Columbia College Today College columbia edu Retrieved 1 August 2018 Henry G Walter Jr Leadership Harvard Business School Hbs edu Retrieved 1 August 2018 The Perfume King and The Scent of Love Read This Excerpt from Masters of Sex Thomasmaierbooks com 31 July 2015 Retrieved 1 August 2018 IFF to Acquire Laboratoire Monique Remy Foodingredientsonline com Retrieved 1 August 2018 US flavorings giant IFF buys Aromor for 88 million Timesofisrael com Retrieved 1 August 2018 Flavors amp fragrances giant IFF strikes deal to acquire Henry H Ottens Manufacturing Co Foodnagivator usa com Retrieved 1 August 2018 IFF acquires Lucas Meyer Cosmetics for 283m Cosmeticsbusiness com Retrieved 1 August 2018 Basel Clariant Ltd Lucas Meyer Cosmetics Clariant Ltd Retrieved 2024 04 29 IFF Income Statement Internationa Flavors amp Fragranc Stock Yahoo Finance finance yahoo com Retrieved 1 August 2018 International Flavors amp Fragrances on the Forbes America s Best Midsize Employers List Forbes com Retrieved 1 August 2018 Investors ir iff com Retrieved 2018 05 10 permanent dead link Naidu Richa Exclusive Billionaire family behind Tetra Pak revealed as mystery IFF shareholder Reuters Retrieved 2018 10 24 PAI introduces NovaTaste Food Business News www foodbusinessnews net Retrieved 2023 10 24 biopharma reporter com 2024 03 20 Roquette snaps up IFF Pharma Solutions for 2 85 billion biopharma reporter com Retrieved 2024 03 20 IFF Opens Photovoltaic Solar Installation in New Jersey Perfumerflavorist com 19 June 2014 Retrieved 1 August 2018 Tebodin B V Archived from the original on 2017 10 19 Retrieved 2017 10 19 Coca Cola European Partners News New shared waste water treatment plant project launches in the Netherlands Cokecce com 5 January 2016 Retrieved 1 August 2018 Coca Cola Fujifilm IFF Agristo Cofely and Water Board De Dommel turn first shovel of soil for collective waste water treatment plant FUJIFILM Europe Retrieved 1 August 2018 CDP Cdp net Retrieved 1 August 2018 News Center Press Releases American Cleaning Institute Cleaninginstitute org Archived from the original on 1 August 2018 Retrieved 1 August 2018 IFF deploys industry first on site wind turbine at Tilburg Netherlands facility Archived from the original on 2016 06 14 Retrieved 2017 10 19 Wind to power flavour and fragrance factory Decentralized energy com Retrieved 1 August 2018 IFF Goes Circular with New Sustainability Strategy Cradle to Cradle Certified Fragrance sustainablebrands com 3 June 2016 Retrieved 1 August 2018 PuraVita C2c centre com Retrieved 1 August 2018 Unilever IFF Partner with Nongovernment Groups to Support Haiti s Vetiver Farmers Archived from the original on 2021 06 21 Retrieved 2017 10 19 IFF and Unilever partner to help vetiver farmers in Haiti Cosmeticdesign europe com 18 July 2016 Retrieved 1 August 2018 2017 Leaderboard IFF Innovates for a Sustainable FF Perfumerflavorist com 28 June 2017 Retrieved 1 August 2018 Global Cosmetics News Global Cosmetics News Archived from the original on 19 October 2017 Retrieved 1 August 2018 We Are Still in Archived from the original on 2017 10 19 Retrieved 2017 10 19 American Business Act on Climate Pledge The White House Retrieved 1 August 2018 International Flavors and Fragrances Dayton NJ Sustainability registry njsbdc com Retrieved 1 August 2018 McCandless Mary Ellen 25 July 2017 IFF Is Fragrance Industry s First Zero Waste To Landfill Facility Facilityexecutive com Retrieved 1 August 2018 Full U S Rankings Newsweek com 14 December 2017 Retrieved 1 August 2018 Norton Leslie P Barron s 100 Most Sustainable Companies Barrons com Retrieved 1 August 2018 Ateliers olfactifs CEW France Cew asso fr Retrieved 1 August 2018 1 dead link The Well Living Lab TM a Delos TM and Mayo Clinic Collaboration Announces First Alliance Members Relationship Science Retrieved 1 August 2018 IFF Lucas Meyer invests in Canadas Bio ForeXtra Cosmeticsbusiness com Retrieved 1 August 2018 About EFFA EFFA Archived from the original on 8 April 2019 Retrieved 3 March 2018 IFF fined 12m in popcorn flavour case Food Navigator 7 September 2005 Retrieved 4 May 2015 Andreas Fibig Bloomberg News Retrieved 2018 03 30 Doug Tough Bloomberg News Retrieved 2018 03 30 Robert M Amen Bloomberg News Retrieved 2018 02 03 External links editOfficial website Business data for International Flavors amp Fragrances GoogleSEC filingsYahoo The World of Smell An Inside Tour of the World s Largest Perfume Lab Archived 2011 04 25 at the Wayback Machine Time magazine 2007 Retrieved from https en wikipedia org w index php title International Flavors 26 Fragrances amp oldid 1223693665, wikipedia, wiki, book, books, library,

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