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IFF Completes Divestiture of Nitrocellulose Business
Comunicato stampa
Responsabilità editoriale di Business Wire
Comunicato stampa - Responsabilità editoriale di Business Wire
IFF (NYSE: IFF) today announced that it has completed the divestiture of its nitrocellulose business, including Walsrode Industrial Park in lower Saxony, Germany, to Czechoslovak Group (CSG). The business manufactures nitrocellulose strictly for industrial purposes, serving customers primarily in coatings and printing inks, and had been part of IFF’s Pharma Solutions business unit.
“The divestiture of our nitrocellulose business builds upon our deleveraging journey and enables us to focus on our core businesses,” said Erik Fyrwald, IFF CEO. “I’d like to thank our nitrocellulose colleagues for their dedication and wish them continued success as part of CSG.”
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At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250508350625/en/
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Permalink: http://www.businesswire.com/news/home/20250508350625/en
Comunicato stampa - Responsabilità editoriale di Business Wire
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