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IFF R&D “Key Initiative” To Drive Growth In 2002

This article was originally published in The Rose Sheet

Executive Summary

International Flavors & Fragrances will boost investment in research & development by $10 mil.-$12 mil. over the next few years in an effort to drive top-line growth, the fragrance supplier said

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International Flavors & Fragrances North American fine fragrance sales increased by low double-digits in the fourth quarter on the strength of new wins, Chief Financial Officer Douglas Wetmore stated during a Jan. 27 sales and earnings call with analysts

IFF Q4 North American Fine Fragrance Sales Record Double-Digit Gain

International Flavors & Fragrances North American fine fragrance sales increased by low double-digits in the fourth quarter on the strength of new wins, Chief Financial Officer Douglas Wetmore stated during a Jan. 27 sales and earnings call with analysts

IFF divestiture

Flavors and fragrances supplier sells Oregon fruit and vegetable concentrate business to Salem-based Kerr Concentrates in a transaction that closed June 7, International Flavors & Fragrances announces. With annual sales of approximately $23 mil., fruit and vegetable business employs 35 people, according to IFF. Divestiture is in line with IFF reorganization efforts focused on growth of core flavors and fragrances businesses, firm adds. Move follows recent sale of IFF's Brazilian fruit preparations business and a portion of the aroma chemicals business acquired with Bush Boake Allen (1"The Rose Sheet" Feb. 4, 2002, p. 7)...

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