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IFF to Acquire Ottens Flavors to Strengthen North American Business

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International Flavors & Fragrances Inc., which recently posted strong fourth-quarter sales boosted by its acquisition of Aromor, has entered into an agreement to acquire privately held Henry H. Ottens Manufacturing Co. Inc. (Philadelphia, Pennsylvania).

"Once completed, the deal will strengthen our operations in North America and enhance our ability to meet the needs of our customers through a differentiated service model geared towards enhancing collaboration and building greater customer intimacy," said Matthias Haeni, IFF's group president, flavors.

The transaction, which will be funded from existing resources, is expected to add approximately $60 million to IFF's revenue on an annualized basis.

 

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