IFF Will Limit Itself To “Bolt-On” Acquisitions, Skeptical Of Givaudan/Quest
This article was originally published in The Rose Sheet
Executive Summary
Givaudan's acquisition of Quest International in March - and the hulking size of the combined entity - may prove a handicap within the competitive fragrance and specialty molecule sector, International Flavors and Fragrances CFO Doug J. Wetmore suggested Sept. 5
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Givaudan expects its March 2 acquisition of Quest International - which the fragrance and flavor developer claims will make it 60 percent larger than its closest competitor - to compel similar movement throughout the industry
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