IFF

IFF (International Flavors & Fragrances) is a global leader creating flavors, fragrances, food ingredients, and bioscience solutions for the food, beverage, health, and consumer products industries, based in New York City, United States. The publicly traded corporation develops products across taste, texture, scent, nutrition, enzymes, cultures, soy proteins, and probiotics, operating with creative, sales, and manufacturing facilities in 44 countries. With a $10.8 billion market capitalization, IFF generates over 75 percent of its sales outside the United States, with 51 percent originating from emerging markets. Between 2016 and 2018, Kirsten, Finn, and Jorn Rausing became top shareholders, acquiring nearly 20% of the company's shares. IFF significantly expanded its portfolio in May 2018 by acquiring Israeli company Frutarom for $7.1 billion. The organization was founded in 1958.