[ad_1]
The acquisition of Frutarom, an Israeli company of aromatic ingredients and fragrances, worth $ 7.1 billion by International Flavors & Fragrances, will bring back huge sums to the newly merged company, said Thursday at CNBC the President and CEO of IFF, Andreas Fibig.
"What's fantastic, is that at the present time, we have the widest and widest customer base in our industry and over 30,000 customers." did not, "he told Cramer during an interview.
"We are starting to use their natural solutions, such as natural dyes or antioxidants, to sell them to our customers and to use our technology, which we have already shown to some of their managers, to sell to their customers." said of the integration. "We actually think it's the best value factor for us for the future."
Better still, Frutarom has entrusted IFF with many local activities, which, according to Fibig, has been a growth driver under the radar linked to the evolution of tastes, region by region.
"You've probably seen in the last two quarters [that] in particular, local and regional customers performed very well for us, "he told Cramer.
To learn more about how IFF is approaching the merger and managing the rising costs of raw materials, click here to view the full interview of Fibig.
Source link
