IFF Announces Global Price Increases Across All Divisions

NEW YORK (STL.News) IFF (NYSE: IFF) today announced that it is implementing broad-based pricing actions across all four divisions – Nourish, Health & Biosciences, Scent, and Pharma Solutions.  The immediate need for these price increases is driven by the continued and significant escalation of raw material, energy and logistics costs as a result of the current geopolitical climate.

Pricing actions will vary by business and be driven by specific product cost increases.  These actions will include more frequent pricing reviews – dynamic pricing – to ensure IFF product reflects current market realities.

Actions on specific accounts will be communicated by the respective account managers.