IFF divestiture
This article was originally published in The Rose Sheet
Executive Summary
Flavors and fragrances supplier sells Oregon fruit and vegetable concentrate business to Salem-based Kerr Concentrates in a transaction that closed June 7, International Flavors & Fragrances announces. With annual sales of approximately $23 mil., fruit and vegetable business employs 35 people, according to IFF. Divestiture is in line with IFF reorganization efforts focused on growth of core flavors and fragrances businesses, firm adds. Move follows recent sale of IFF's Brazilian fruit preparations business and a portion of the aroma chemicals business acquired with Bush Boake Allen (1"The Rose Sheet" Feb. 4, 2002, p. 7)...
You may also be interested in...
IFF R&D “Key Initiative” To Drive Growth In 2002
International Flavors & Fragrances will boost investment in research & development by $10 mil.-$12 mil. over the next few years in an effort to drive top-line growth, the fragrance supplier said
California Bill To Age-Restrict Sales Of Diet Pills Further Along Than Other States’ Legislation
CA, MA and NJ legislatures remain in session with bills active proposing regulations similar to NY law effective 22 April requiring retailers, including online, to ask for proof of age when customers buying consumer health products containing ingredients labeled or promoted for weight loss and bodybuilding benefits appear younger than 18.
CRN Has Standing For Steep Hill To Climb Challenging New York's Age-Restricted Sales
Federal judge finds “misreading of the legislation” in CRN’s argument that state “restricts access based purely on what has been said about the product or its ingredients.” But standing to challenge “means that only CRN is positioned right now to go before the court on behalf of industry,” says CEO Steve Mister.