International Flavors and Fragrances, Inc. (IFF) has entered into an agreement to sell its Savory Solutions Group to PAI Partners, a leading global private equity firm with a 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.   “A key aspect of our strategy is to continuously evaluate our portfolio to identify opportunities to ...