CCI approves acquisition of Dupont's N&B business by IFF
IFF will now have sole control over SpinCo, a company newly formed by DuPont and to which DuPont will transfer the N&B Business.
The Competition Commission of India (CCI) has approved acquisition of Dupont's Nutrition & Biosciences business (“SpinCo”) by International Flavors & Fragrances (IFF).
The proposed combination relates to the acquisition of sole control by IFF over the Nutrition & Biosciences business of DuPont de Nemours by means of acquiring sole control over SpinCo, a company newly formed by DuPont and to which DuPont will transfer the N&B Business.
IFF is a public company based in New York and is active worldwide in the development, creation and sale of flavours and fragrances that are used in consumer goods industries (such as food and beverage, personal care or household products industries). IFF’s main business units are ‘Scent’ and ‘Taste’.
SpinCo is a recently incorporated company to which DuPont will transfer its N&B Business. The N&B Business is active worldwide in the development, production and marketing of food science, taste, and texture applications and biotechnology products that are used in various industries, including food and beverage, dietary supplements, home and personal care, animal nutrition and pharmaceutical excipients. The N&B Business operates through its Food & Beverage, Health & Biosciences and Pharma Solutions’ units.
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