Jungbunzlauer announced the signing of a binding and definitive agreement to acquire the multipurpose production site in Thomson, IL, from International Flavors & Fragrances, Inc. This transaction represents a further step in IFF's portfolio optimization efforts.
The sale of this production site allows IFF to streamline its manufacturing footprint and reallocate resources to its strategic growth areas. Jungbunzlauer, a global leader in sustainable ingredients, will integrate the site into its operations.
This divestiture is consistent with IFF's broader strategy to focus on its core businesses and enhance operational efficiency. The financial details of the transaction were not disclosed.
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