International Flavors & Fragrances completed the acquisition of Frutarom Industries for $7.1bn.

International Flavors & Fragrances, a company that creates, manufactures, and supplies flavors and fragrances for the food, beverage, personal care, and household products industries, completed the acquisition of Frutarom Industries, a creator of flavors and fragrances for consumer products, for $7.1bn. Frutarom’s shareholders will receive, for each Frutarom share, $71.19 in cash and 0.249 of a share of IFF common stock. “We are pleased that Frutarom shareholders have approved the combination with IFF, marking another milestone on our path to unlock the value creation potential of the combined company. Together, IFF and Frutarom will become a global leader in taste, scent and nutrition, with a broader customer base, more diversified product offerings and increased market penetration. Through our integration planning work, we continue to be confident in the opportunities that lie ahead and the ability of the combination to accelerate profitable growth, enhance free cash flow and generate greater returns for IFF shareholders," Andreas Fibig, International Flavors & Fragrances Chairman and CEO.