Tridge summary
Bunge Global SA has entered into an agreement with Solae to acquire substantially all of the lecithin, soy protein concentrate and soybean processing assets of International Flavors and Fragrances, Inc (IFF). The deal is expected to close by the end of 2025. Financial terms were not disclosed, World Grain reports. The purchase agreement covers transactions
Original content
that will generate approximately $240 million in 2024 revenue for New York, New York-based IFF and employ approximately 250 people worldwide. IFF is a global supplier of flavors, food ingredients, and health and life sciences solutions. “Bunge is focused on consolidating assets, and I would argue that they are managing them much better than we are,” says IFF CEO Fyrwald. “We had low margins… And the production of these products was distracting us from our differentiated isolated soy protein business, which we can now focus on, driving application ...
Source: UkrAgroConsult
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.