UPDATE: IFF (IFF) Said to Consider Divestitures Following Dupont Deal - Bloomberg

February 16, 2021 11:22 AM EST

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(Updated - February 16, 2021 11:25 AM EST)

IFF (NYSE: IFF)is pursuing two divestments after completing the purchase of DuPont's nutrition and biosciences unit, according to Bloomberg, citing people with knowledge of the matter.

It is seeking a buyer for its microbial controls business, which could be valued at $1 billion to $1.5 billion.

It's also preparing to gauge interest in some food preparation assets that could fetch about $200 to $300 million.

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