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IFF divestiture

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)...
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