IFF says it has acquired The Additive Advantage, a manufacturing and licensing firm focused on delivery systems of microencapsulation and active ingredients. Financial details of the deal, including purchase price, were not disclosed.
TAA’s customers are mainly in the food, beverage, pharma, animal health and cosmetics industries. The company’s proprietary technology allows for the “printing” of active ingredients onto consumer products in these areas.
By Vincent Valk
Source: Chemical Week
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
