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
The drive toward more sustainable food systems requires a multisolution approach that harnesses the power of new technologies like AI to uncover new opportunities, says Florian Schattenmann, Cargill’s CTO and VP of R&D and Innovation.
Outgoing Symrise chief executive Heinz-Jürgen Bertram is retiring after 21 years with the company, handing over the CEO role to Jean-Yves Parisot. Parisot, who will officially step into the new role on 31 March, joined Symrise in 2014 and has been a member of the executive committee since 2016.
The report states that Danone is looking to sell its Russian business to Vamin Tatarstan, a Russian dairy company owned by businessman Mintimer Mingazov. The news comes seven months after Russian President Vladimir Putin ordered the seizure of the French company’s local operations.