- IFF to Sell Cosmetics Ingredients Unit to Clariant for $810 Million
IFF to Sell Cosmetics Ingredients Unit to Clariant for $810 Million
Updated Oct. 30, 2023 2:02 am ET
Swiss chemicals company Clariant AG will buy a cosmetic ingredients unit of International Flavors & Fragrances Inc. for $810 million.
New York-based IFF said Monday that it would use proceeds from the deal to reduce debt, consistent with previously announced plans to strengthen its capital structure.
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