International Flavors & Fragrances Inc. (IFF) has completed its buyout of the remaining 50% of the outstanding shares of Canada’s Wiberg Corporation, Inc.
Based out of Oakville, Ontario, Wiberg Corporation is a subsidiary of the Austrian company Wiberg GmbH. It specializes in savory solutions like seasoning blends, spices and functional ingredients for the food industry, as well as food processing equipment. Its focus is on processed meats, convenience foods and culinary solutions for food service, restaurants, catering firms and chefs.
Wiberg GmbH was acquired by Frutarom in 2015, including 50% of its Canadian subsidiary. It is part of IFF’s Savory Solutions group, servicing customers in Canada and parts of the U.S. Wiberg Corporation’s president Richard Welzel and its management team will continue in their leadership roles of the company.