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Reports 17% rise and a noteworthy acquisition.
February 14, 2019
By: Melissa Meisel
International Flavors & Fragrances Inc. posted financial results for the full year ended Dec. 31, 2018. For the full year, net sales rose 17% to $4.0 billion driven by mid-single digit growth in both Taste and Scent and the contribution of sales related to the Frutarom acquisition. Foe the Scent Business Unit specifically, sales increased 6% to $1.9 billion. Fragrance Ingredients grew high-single digits, led by price increases and strong double-digit growth in Cosmetic Active Ingre...
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