Deals
IFF Plans Divestitures Following DuPont Deal
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International Flavors & Fragrances Inc. is pursuing two divestments after completing the purchase of DuPont de Nemours Inc.’s nutrition and biosciences unit, people with knowledge of the matter said.
The New York-based company is seeking a buyer for its microbial controls business, which could be valued at $1 billion to $1.5 billion, the people said. It’s also preparing to gauge interest in some food preparation assets that could fetch about $200 million to $300 million, the people said, asking not to be identified because the information is private.