IFF bows out on H&R
This article was originally published in The Rose Sheet
Executive Summary
Fragrance and flavors supplier is not likely to make formal bid for Bayer's Harrmann & Reimer fragrance and flavors division and does not "anticipate any acquisition activity in the short-term," CEO Richard Goldstein says during the company's annual meeting May 7. "We did look at H&R, and at the moment, my view is that we've got enough on our plate," exec notes. Givaudan and Dutch chemical supply company Degussa are among those interested in acquiring the business; sale is expected to be complete by summer (1"The Rose Sheet" April 22, 2002, In Brief)...