IFF
This article was originally published in The Rose Sheet
Executive Summary
Fragrances and flavors ingredient supplier Laboratorie Monique Remy acquired by IFF, the company announces March 22. Grasse, France-based LMR, founded in 1984, has grown to be a leader in the supply of natural raw materials, according to International Flavors & Fragrances. The deal includes LMR's lab and manufacturing facilities in Grasse and an extraction plant in Lozere. LMR generates annual sales of under $20 mil. Founder Monique Remy will continue to head the company and use the Grasse facility as a worldwide R&D training location. The deal is expected to close late April. IFF has not acquired another firm since the early 1990s