IFF - International Flavors & Fragrances Sheds Pharma Solutions Unit For Up To $2.85B Refocusing On Core Growth | Benzinga
International Flavors & Fragrances Inc (NYSE:IFF) said it has entered into a definitive agreement to sell its Pharma Solutions business unit to French plant-based ingredients Roquette for an enterprise value of up to $2.85 billion.
The acquisition represents an enterprise value to EBITDA multiple of approximately 13x.
IFF’s Pharma Solutions business is a developer and manufacturer of pharmaceutical excipients. It includes Global Specialty Solutions ...