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February 20, 2001
By: TOM BRANNA
Editor
International Flavor & Fragrances Inc. today provided an update regarding its integration of Bush Boake Allen Inc. (“BBA”) and the progress of its reorganization plan announced on October 5, 2000. IFF also outlined its perspectives on 2001. The Company noted that:* it has achieved an annual run-rate of $30 million of cost savings;* it implemented initiatives to significantly reduce debt and strengthen the balance sheet;* it established objectively-based annual and long-term ince...
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