Food Dive reported the development on 2026-05-29. The transaction with CVC Capital Partners marks the latest step by IFF to improve growth and boost profitability.
The report places the news in a wider commercial context. IFF is selling its food ingredients business to CVC Capital Partners for $4.3 billion, the latest move by the company to focus its sprawling business and improve profitability.
For the food sector, the practical implications extend beyond the immediate announcement. IFF’s food ingredients business makes texturants, emulsifiers and plant-based solutions. The division, IFF’s largest, generated nearly $3.3 billion in sales in 2025, a decline of 3% from the prior year. IFF said the divestiture will leave a company that is more focused, stronger financially and better able to achieve its growth and profitability objectives.
Attention now turns to how companies, customers and regulators respond. The sale of the food ingredients business continues a recent pattern of IFF shedding assets, following the $26.2 billion purchase in 2021 of DuPont’s nutrition business. During the last several years, IFF said it sold 13 non-core businesses, generating nearly $10 billion in gross proceeds.
Food Dive
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