Jungbunzlauer to acquire a production site from IFF in the U.S.

Jungbunzlauer, a global leader in high-quality, sustainable ingredients from natural sources, headquartered in Basel, Switzerland, has signed a binding and definitive agreement to acquire the multipurpose production site in Thomson, Illinois, from International Flavors & Fragrances, Inc.  (IFF).

"This acquisition is an important step in delivering on our strategic capacity expansion in North America," said Bruno Tremblay, CEO, Jungbunzlauer. "Establishing a U.S. manufacturing footprint allows us to work closer to many of our U.S. customers, better understand their challenges and deliver solutions that truly make a difference."

The asset deal does not include any of IFF's commercial business, product lines or employees, and terms of the deal were not disclosed.

"Upon closing the transaction, our immediate focus will be on preparing the site for our specific production needs," added Tremblay. "As we finalize our operational plans, we look forward to sharing updates, including information about future hiring."

The transaction is expected to close in early Q4 2025, subject to receipt of all applicable regulatory approvals and the satisfaction of other customary closing conditions.