IFF Successfully Divests its Cosmetics Ingredients Business

As a specialty chemicals company that focuses on sustainability, Clariant has successfully acquired IFF’s Cosmetic Ingredients business. This move allows the Cosmetic Ingredients business to continue delivering innovative ingredients for the cosmetic and personal care product portfolio as part of Clariant.

Erik Fyrwald, CEO of IFF, highlighted that the divestiture is part of the company’s strategic transformation to prioritize innovation and better serve target customers in core businesses. By selling its Cosmetics Business, IFF will be able to make strategic growth investments, reduce debt, and lower interest costs. Fyrwald expressed gratitude to the Cosmetics colleagues for their dedication to excellence and wished them success in their new journey.

IFF is a global leader in food, beverage, health, biosciences, and scent experiences. The company collaborates with customers to develop scents, tastes, experiences, ingredients, and solutions that are essential for a better world. By leveraging art and science, IFF aims to do more good for people and the planet. For more information about IFF visit their website and social media channels.

For media inquiries contact Paulina Heinkel at 332-877-5339 or email [media.request@iff.com](mailto:media.request@iff.com). For investor relations reach out to Michael Bender at 212-708-7263 or email [investor.relations@iff

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