International Flavors & Fragrances (IFF) is set to explore the natural taste market, which focuses on the sensation of flavours, as well as natural colours and infant nutrition, following its $7.1bn acquisition of Israel's Frutarom. The deal will see IFF, a company that has been in business for more than 100 years, expand into new markets including China, Brazil and India. Fibig also said IFF's R&D division was examining concepts such as 3D printing of flavours on foods such as chips or chewing gum.
International Flavors & Fragrances (IFF) is set to explore the natural taste market, which focuses on the sensation of flavours, as well as natural colours and infant nutrition, following its $7.1bn acquisition of Israel's Frutarom. CEO Andreas Fibig is looking to integrate many of Frutarom's smaller, legacy acquisitions into a model similar to Tastepoint, which caters to the smaller and mid-size customers by providing agile and quick service with access to IFF's technology and pipeline. Fibig also said IFF's R&D division was examining concepts such as 3D printing of flavours on foods such as chips or chewing gum.