IFF is selling its food ingredients business to CVC Capital Partners for $4.3 billion, the latest move by the company to focus its sprawling business and improve profitability. The flavors, fragrances and ingredients supplier said it will retain a 10% stake in the unit to allow further collaboration and cooperation between IFF and Food Ingredients, while allowing IFF and its shareholders to participate in the growth of the business.
Siegwerk launches Cirkit Novaseal HSL portfolio for fiber-based and flexible packaging, enhancing recyclable and circular economy solutions. The portfolio unifies heat sealing expertise, offering hot-tack performance, low seal initiation options, and strong bond strength across printing methods.
AkzoNobel NV has rejected an all-cash proposal from Nippon Paint Holdings Co. and Sherwin-Williams Co. (SW) for all its shares at an indicative offer price of €73 per share. The cash offer represented a 39% premium to AkzoNobel’s closing share price on May 26 of €52.52 and values AkzoNobel at about €12.5 billion.
