Retail & FoodService
IFF Announces the Sale of Its Savory Solutions Group to PAI Partners
IFF announced it has entered into an agreement to sell its Savory Solutions Group to PAI Partners, a leading global private equity firm with a strong focus on the food and consumer industry. The transaction values the business at approximately $900 million and cash proceeds net of taxes and expenses will be primarily used to reduce outstanding debt.... Read more
December 28, 2022 | 3 min to read