Dive Brief:
International Flavors & Fragrances published unofficial pro forma results from fiscal year 2020 and videos demonstrating the "future growth potential" of the company following its $26.2 billion megamerger with DuPont Nutrition & Biosciences division. The deal officially closed Feb. 1.
IFF's Nourish division — which includes its ingredients, flavors and food design components — brought in the most sales, worth $5.8 billion last year. The Health and Biosciences division is the second largest, with nearly $2.4 billion in sales. Scent brought the combined company about $2.1 billion in revenue last year, while Pharma Solutions had about $839 million.
IFF has been transforming into a force to be reckoned with in the ingredients space following several key acquisitions, including the DuPont division at the beginning of this year and the $7.1 billion purchase of flavors and natural ingredients powerhouse Frutarom in 2018. The new IFF has not yet scheduled its next earnings presentation, which would be the first after the N&B purchase.