IFF completed the acquisition of a Nutrition & Biosciences unit of DuPont for $26.2bn.

International Flavors & Fragrances, an American corporation producing flavors and fragrances and cosmetic actives, completed the acquisition and merger with the Nutrition & Biosciences unit of DuPont, an American conglomerate, in a $26.2bn deal. The deal values the combined company at $45.4bn on an enterprise value basis. “The combination of IFF and N&B is a pivotal moment in our journey to lead our industry as an invaluable innovation and creative partner for our customers. Together, we will create a leading ingredients and solutions provider with a broader set of capabilities to meet our customers’ evolving needs. With highly complementary portfolios, we will have global scale and leading positions in key growth categories to capitalize on positive market trends, drive strong profitable growth for our shareholders and create opportunities for our employees. I have been impressed by N&B’s management team, which shares our culture and values, and we look forward to welcoming them to the IFF family," Andreas Fibig IFF Chairman and CEO.