International Flavors & Fragrances Inc - Company Profile
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International Flavors & Fragrances Inc (IFF) manufactures and markets beverage, food, health and biosciences, scent and pharma solutions and complementary products, such as cosmetic active and natural health ingredients. The company sells its products to meat, dairy, beverages, savory, snacks, sweet, baked goods, soaps and detergents, personal care products, cleaning products, and perfumes and cosmetics manufacturers. IFF’s products also finds application in dietary supplements, infant and elderly nutrition, food protection, functional food, pharmaceutical and oral care products. The company has business presence across Europe, Africa, the Middle East, Asia-Pacific, and the Americas. IFF is headquartered in New York City, New York, the US.
Headquarters
United States of America
Address
521 W 57th St, New York, 10019
Website
www.iff.com
Telephone
1 212 7655500
No of Employees
21,500
Industry
Ingredients
Ticker Symbol & Exchange
IFF (NYSE)
Revenue (2022)
$11.5B
-7.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-37.2%
(2022 vs 2021)
Market Cap*
$21.3B
Net Profit Margin (2022)
XYZ
-48.7%
(2022 vs 2021)
* As of and is in US$
International Flavors & Fragrances Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Flavor and Specialty Ingredients: |
| Aroma Chemicals |
| Natural Botanical Extracts |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company entered into an agreement to sell its pharma solutions business to Roquette for US$2.85 billion. |
| 2024 | Contracts/Agreements | In February, the company expanded its partnership with Biesterfeld Spezialchemie to launch the products in Brazil. |
| 2023 | Contracts/Agreements | In November, Danisco Sweeteners and P2X Solutions entered into an agreement under which Danisco Sweeteners' Kotka plant will produce xylitol using green hydrogen supplied by P2X Solutions. |
Competitor Comparison
| Key Parameters | International Flavors & Fragrances Inc | Archer Daniels Midland Co | DSM-Firmenich AG | Kerry Group plc | Givaudan SA |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Switzerland | Ireland | Switzerland |
| City | New York | Chicago | Kaiseraugst | Tralee | Vernier |
| State/Province | New York | Illinois | - | - | - |
| No. of Employees | 21,500 | 40,213 | 29,301 | 21,000 | 16,263 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Roger W. Ferguson, Jr. | Chairman | Executive Board | 2023 | 71 |
| Jon Erik Fyrwald | Director; Chief Executive Officer | Executive Board | 2024 | - |
| Beril Yildiz | Corporate Controller; Chief Accounting Officer; Senior Vice President | Senior Management | 2022 | - |
| Vic Verma | Executive Vice President; Chief Information Officer | Senior Management | 2021 | 54 |
| Glenn Richter | Executive Vice President; Chief Financial and Business Transformation Officer | Senior Management | 2023 | 61 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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