International Flavors & Fragrances has entered into a definitive agreement to sell its soy crush, concentrates, and lecithin business to Bunge. The transaction is expected to close by year-end 2025, subject to regulatory approvals and customary closing conditions.

The divested business generated approximately $240 million in revenue in 2024 and employs around 250 people worldwide. It supplies soy-derived ingredients used in food, feed, and industrial applications. Integration into Bunge’s global operations is expected to provide customers with enhanced sourcing reliability, expanded processing capabilities, and broader ingredient solutions.

This divestiture is part of IFF’s ongoing effort to refocus its Food Ingredients portfolio on higher-margin, specialty offerings such as emulsifiers, texturants, and inclusions. The move reflects industry trends as major suppliers concentrate resources on differentiated products that deliver clean-label, functional, and performance benefits for food manufacturers worldwide.

IFF will continue to evaluate additional strategic alternatives within its Food Ingredients segment to optimize its product mix and strengthen long-term competitiveness. The company has reaffirmed its full-year 2025 guidance of $10.6–$10.9 billion in sales and $2.0–$2.15 billion in adjusted operating EBITDA and recently announced a $500 million share repurchase authorization, underscoring its confidence in future growth.

Source - IFF