Mergers & Acquisitions ·
International Flavors & Fragrances Inc. reported second quarter 2026 financial results and announced the sale of its…
IFFInternational Flavors & Fragrances Inc
International Flavors & Fragrances Inc. reported second quarter 2026 financial results and announced the sale of its Food Ingredients business to CVC Capital Partners for approximately $3.8 billion, with IFF retaining a 10% minority stake. The transaction is expected to close by the end of Q2 2027. For continuing operations, Q2 sales were $1.95 billion and adjusted operating EBITDA was $408 million. The company provided full-year 2026 guidance for continuing operations, expecting sales between $7.4 billion and $7.6 billion and adjusted operating EBITDA between $1.53 billion and $1.60 billion. Additionally, the Board authorized an enhanced $2.5 billion share repurchase program, including a $500 million accelerated share repurchase in H2 2026. International Flavors & Fragrances Inc. operates in the flavors, fragrances, and health and biosciences industry.