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IFF Completes Divestiture of Pharma Solutions Business Unit

1. IFF completed divestiture of Pharma Solutions to Roquette, reducing net debt significantly. 2. This move allows IFF to concentrate on core strategies and growth opportunities.

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FAQ

Why Bullish?

The divestiture strengthens IFF's balance sheet and focus, similar to prior successful reorientation efforts that boosted stock performance.

How important is it?

The divestiture aligns with IFF's strategic goals, enhancing financial standing and future growth potential, impacting investor sentiment positively.

Why Long Term?

Focusing resources on core strengths will likely yield sustained growth over time, as seen in companies that successfully streamline operations.

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NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announced that it has successfully completed the previously announced divestiture of its Pharma Solutions business unit to Roquette. “The completion of our Pharma Solutions divestiture represents a significant milestone for IFF as we delivered our targeted net debt to credit-adjusted EBITDA of below 3.0x,” said Erik Fyrwald, IFF CEO. “This is an important step as it allows us to focus on our core strategy – capitalizing on the exciting growth opp.

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