International Flavors & Fragrances (IFF) sells Pharma Solutions business to Roquette for $2.85bn.
International Flavors & Fragrances (IFF) sells Pharma Solutions business to Roquette for $2.85 billion, aiming to optimize its portfolio and reduce debt leverage to 3.0x or below. The deal combines Roquette's excipients expertise with IFF's Pharma Solutions, targeting global leadership in drug delivery and oral dosage solutions. The transaction is expected to close in the first half of 2025, subject to regulatory approvals.
March 19, 2024
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