Success! IFF CEO Andreas Fibig will continue to serve as chairman and chief executive. 25 Jan 2021 --- DuPont Nutrition & Biosciences (DuPont) is rolling out a label-friendly antimicrobial system to processed meat manufacturers in the Middle East and Africa (MEA). Unlisted factors may present significant additional obstacles to the realization of forward looking statements. 8th Floor, Tower A, Cyber Greens, Sector-25A, DLF Cyber City, Phase III Gurgaon- 122002, Haryana Telephone: 0124 -4503801. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. | DuPont Nutrition & Biosciences is a world leader of innovative and sustainable solutions across food, health, pharma and biotech industries. DuPont Nutrition & Biosciences applies expert science to advance market-driven, healthy and sustainable solutions for the food, beverage, dietary supplement and pharmaceutical industries. A Warner Media Company. Free copies of these documents, once available, and each of the companies’ other filings with the SEC may also be obtained from the respective companies by contacting the investor relations department of DuPont or IFF at the following: Cautionary Note on Forward-Looking Statements. Upon completion of the transaction, DuPont will receive a one-time $7.3 billion special cash payment, subject to certain adjustments. We also use cutting-edge biotechnology across a range of markets to advance bio-based solutions to meet the needs of a growing population, while protecting our … What impact could deplatforming Donald Trump have? Churchill Capital Corp IV (CCIV) will not comment as to whether the Company is … http://www.dupont.com/careers/diversity-and-inclusion.html. Our expertise together with IFF will best position us to address customer needs and ultimately redefine our industry,” said N&B President, Matthias Heinzel. Your single source for articles, publications & citations, product information and more... Much of the content on this site is freely available. Under the terms of the agreement, which has been unanimously approved by both Boards of Directors, DuPont shareholders will own 55.4% of the shares of the new company and existing IFF shareholders will own 44.6%. Citing the risk of further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently suspended President Donald Trump's account. As a collective of unconventional thinkers and creators, we put science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products our world craves. Verification email has been resent. Prolonged stress can negatively affect mood, sleep and digestive health. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. In an exclusive interview, Andreas Fibig, Chairman and CEO of IFF, goes into detail … “We conducted a very thorough process leading us to the selection of IFF as the preferred strategic partner,” Ed Breen, DuPont’s executive chairman, said in the statement Sunday. (Photo Illustration by Justin Sullivan/Getty Images), PHOTO: All Rights Reserved. The call will include a slide presentation and participants are encouraged to view the presentation via webcast at www.strongerinnovationtogether.com/investors. While the list of factors presented here is, and the list of factors to be presented in any registration statement filed in connection with the transaction are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. DuPont shareholders will retain a majority stake in the new entity, which will have a combined annual revenue of more than $11 billion. About DuPont™ Danisco ® DuPont™ Danisco ® is the brand for a range of ingredients that help provide enhanced bioprotection, an improved nutritional profile, and better taste and texture with greater cost efficiency and lower environmental impact, meeting the needs of manufacturers of food and beverages, dietary supplements and pet food. HOWARU® Calm is the most … Learn more at iff.com, Twitter, Facebook, Instagram, and LinkedIn. The firms said in a joint statement Sunday that they are projecting savings of about $300 million within three years of closing the deal, and expect the new company to achieve a leading position in segments including soy proteins, enzymes and probiotics. As part of the transaction, IFF’s largest shareholder, Winder Investments, has agreed to vote in favor of the transaction. However, DuPont, IFF and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction under the rules of the SEC. The documents relating to the proposed transaction (when they are available) can be obtained free of charge from the SEC’s website at www.sec.gov. DuPont BioPolymer uses the BET method to measure the specific surface area of Alubra® since it is a widely accepted and reproducible method. There are several factors which could cause actual plans and results to differ materially from those expressed or implied in forward-looking statements. DuPont Nutrition & Biosciences has launched HOWARU Calm, a probiotic aimed at helping dietary supplement manufacturers decrease the cycle of consumer stress. DuPont is creating a new $45.4 billion consumer goods giant by merging its food and nutrition business with International Flavors & Fragrances. The combined company is committed to maintaining an investment grade rating. On December 15, 2019, DuPont and IFF announced they had entered definitive agreements to combine DuPont’s Nutrition & Biosciences business with IFF in a transaction that would result in IFF issuing shares to DuPont shareholders, pending customary closing conditions, other approvals including regulatory and that of IFF’s shareholders. “I am confident that [the nutrition unit] will be well-positioned for its next phase of growth.”. The combined company’s global reach and enhanced set of capabilities will enable the creation of innovative solutions to respond to customer demands and increasing consumer preferences for natural, healthier, and “better for you” products. IFF to Merge with DuPont’s Nutrition & Biosciences Business, Military, Law Enforcement & Emergency Response, Pro forma revenues of more than $11 billion based on fiscal year 2019 estimated results, Adjusted EBITDA margin of ~23% pre-synergies and ~26% with run-rate cost synergies based on fiscal 2019 pro forma estimated results, Expected revenue growth rate in the mid-single digits over the long-term, Strong cash flow generation supporting an investment grade credit profile, Commitment to the continuation of IFF’s historical dividend policy. At DuPont Nutrition & Biosciences, we know It’s What’s Inside that Matters and can help your beverage formulation succeed by: Optimizing sensory properties, flavor release and texture profiling. The conference call may also be accessed by dialing: (877) 830-2586 (Toll Free) or (785) 424-1734 (International) and using the Conference ID: 121619. The two companies will host a joint conference call on Monday, December 16, 2019, at 7:30 am ET to discuss the announcement. – December 15, 2019 – IFF (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF) and DuPont (NYSE: DD) today announced that they have entered into a definitive agreement for the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction. We also use cutting-edge biotechnology across a range of markets to advance bio-based solutions to meet the needs of a growing population, while protecting our … The firms want to close the deal, which is still subject to approval by regulators and IFF shareholders, by early 2021. (AP Photo/Alex Brandon), Ex-Trump official who supports Biden stimulus plan speaks out, US President Joe Biden signs executive orders for economic relief to Covid-hit families and businesses in the State Dining Room of the White House in Washington, DC, on January 22, 2021. The board of directors of American materials and ingredients firm DuPont have agreed to separate its Nutrition & Biosciences business with an exchange offer, or split-off, according to a recent company release. Ltd. Additional information about the combination of IFF and N&B can be found at www.strongerinnovationtogether.com. Through deep consumer insights and market knowledge, strong technical expertise and problem-solving capabilities and our broad DuPont™ Danisco® range, we know … IFF reportedly beat out Irish food giant Kerry Group for the deal. Anti-reflux DuPont harnesses the unique properties of Norwegian brown seaweed to deliver premier performance in anti-reflux applications. The transaction is subject to approval by IFF shareholders and other customary closing conditions, including regulatory approvals. CNN Sans ™ & © 2016 Cable News Network. Nutrition & Biosciences applies expert science to advance healthy solutions for the food, dietary supplement and pharmaceutical industries, and pioneering biotechnology to make industrial processes more efficient and sustainable. The combination will be executed through a Reverse Morris Trust transaction. In connection with the proposed combination of Nutrition & Biosciences, Inc. (“N&Bco”), a wholly owned subsidiary of DuPont de Nemours, Inc. (“DuPont”), and International Flavors & Fragrances Inc. (“IFF”), which will immediately follow the proposed separation of N&Bco from DuPont (the “proposed transaction”), N&Bco, IFF, Neptune Merger Sub I Inc. (“Merger Sub I”) and Neptune Merger Sub II LLC (“Merger Sub II”) intend to file relevant materials with the SEC, including a registration statement on Form S-4 that will include a proxy statement/prospectus relating to the proposed transaction. DuPont expects operating EBITDA to be at the low end of the previously provided range, primarily driven by temporary supply chain disruptions in Safety & Construction (S&C) and Electronics & Imaging (E&I). Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on IFF’s, DuPont’s or N&Bco’s consolidated financial condition, results of operations, credit rating or liquidity. I am pleased to join the Board of the combined organization and remain involved in unlocking the potential of this new company,” said Ed Breen, Executive Chairman of DuPont. All right reserved. DuPont ™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™,℠,or © are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted. In addition, at the time of completion, DuPont will receive a one-time $7.3 billion cash payment, subject to adjustment. Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. Here are the terms of the transaction: Transaction slide New York-based IFF develops flavors and fragrances for consumer brands. Backed by decades of expertise and a vast portfolio of solutions, we collaborate with supplement manufacturers and brand owners to turn natural sources into shelf-ready products in a variety of application forms. 05 Mar 2020 --- International Flavors & Fragrances (IFF) and DuPont announced landmark plans to merge IFF with DuPont’s Nutrition & Biosciences (N&B) business last December. DuPont Nutrition & Biosciences applies expert science to advance market-driven, healthy and sustainable solutions for the food, beverage, dietary supplement and pharmaceutical industries. Justin Sullivan/Getty Images North America/Getty Images. “My team and I are excited about the opportunity to build the new company and create a new world-class leader. As of last week, the European company had also been interested in snapping up DuPont’s nutrition division, according to a Bloomberg report. Under the terms of the deal, DuPont’s shareholders will be able to exchange its common stock for shares of Nutrition & Biosciences Inc. (N&B). (Photo by Nicholas Kamm / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images), PHOTO: Nicholas Kamm/AFP/Getty Images, Biden signs executive order to promote $15 federal minimum wage, Miles of unused pipe, prepared for the proposed Keystone XL pipeline, sit in a lot on October 14, 2014 outside Gascoyne, North Dakota. The company will be headquartered in New York. The combination of IFF and N&B creates a global leader in high-value ingredients and solutions for global Food & Beverage, Home & Personal Care and Health & Wellness markets, with estimated 2019 pro forma revenue of more than $11 billion and EBITDA of $2.6 billion, excluding synergies. Register now to receive email notifications based on your content preferences. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the registration statements, prospectuses and proxy statement and other relevant materials to be filed with the SEC when they become available. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. DuPont Board Approves Separation Of Nutrition & Biosciences Unit Through Split-off. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”). JIM WATSON/AFP/Getty Images, Why Wall Street is hopeful about Biden despite economic challenges, This illustration picture shows the social media website from Parler displayed on a computer screen in Arlington, Virginia on July 2, 2020. 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