IFF said the divestiture will leave a company that is more focused, stronger financially and better able to achieve its growth and profitability objectives.
The sale of the food ingredients business continues a recent pattern of IFF shedding assets, following the $26.2 billion purchase in 2021 of DuPont’s nutrition business. During the last several years, IFF said it sold 13 non-core businesses, generating nearly $10 billion in gross proceeds.
“This transaction represents an important strategic milestone in our ongoing portfolio optimization initiative, allowing us to further concentrate resources on our higher-growth, higher-margin segments,” Erik Fyrwald, IFF’s CEO, said in a statement.
The sale is expected to close by the end of the second quarter of 2027. Once completed, IFF will have three core businesses: scent, taste, and health and biosciences. The taste segment, which accrued $2.5 billion in sales in 2025, provides flavor solutions to food and beverage companies.
The IFF deal represents what is shaping up to be an active period of dealmaking in the ingredients space. READ MORE
by Christopher Doering
Source: fooddive.com
Solstice Advanced Materials (Morris Plains, New Jersey) has announced it has entered into a definitive agreement to acquire Element Solutions (Miami) in a cash-and-stock transaction valued at approximately $14.5 billion. The deal is expected to close in the first half of 2027, subject to customary closing conditions.
TotalEnergies Corbion has commercialized Luminy Foam 50F, a high melt strength PLA material designed for extrusion foamed packaging applications. The bio-based material is positioned as a drop-in alternative to XPS for fresh food trays, clamshells, and bowls, with minimal changes needed on existing lines. The company says the sugarcane-based PLA can reduce carbon footprint by at least 70% compared to XPS foam.
Africa faces mounting waste challenges, exacerbated by plastic waste imports disguised as recycling, says GAIA’s Naidoo. Ghana and Nigeria are among the countries leading zero-waste efforts, focusing on recycling and reducing single-use plastics. Women waste pickers play a pivotal role in grassroots waste management, despite facing discrimination and challenges.
