The transaction with CVC Capital Partners marks the latest step by IFF to improve growth and boost profitability.
What happened
IFF is selling its food ingredients business to CVC Capital Partners for $4.3 billion, the latest move by the company to focus its sprawling business and improve profitability.
The flavors, fragrances and ingredients supplier said it will retain a 10% stake in the unit to allow further collaboration and cooperation between IFF and Food Ingredients, while allowing IFF and its shareholders to participate in the growth of the business.
Why it matters
IFF’s food ingredients business makes texturants, emulsifiers and plant-based solutions. The division, IFF’s largest, generated nearly $3.3 billion in sales in 2025, a decline of 3% from the prior year.
IFF said the divestiture will leave a company that is more focused, stronger financially and better able to achieve its growth and profitability objectives.
The sale of the food ingredients business continues a recent pattern of IFF shedding assets, following the $26.2 billion purchase in 2021 of DuPont’s nutrition business. During the last several years, IFF said it sold 13 non-core businesses, generating nearly $10 billion in gross proceeds.
This news brief is based on reporting published by Food Dive on 2026-05-29. The original report is linked below.
Food Dive
https://www.fooddive.com/news/iff-to-sell-food-ingredients-business-for-43b/821464/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
