Streetbeat News

CLZNF

Clariant AG

CEO

Hariolf Kottmann

Industry

Paint and Coating Manufacturing

Open

17.26

Mkt cap

4.6B

Volume

High

17.26

P/E Ratio

33.88

52-wk high

17.26

Low

13.89

Div yield

0.03

52-wk low

12.89

IFF has successfully completed the sale of its cosmetics ingredients business to Clariant. This strategic move allows IFF to streamline its operations and focus on its core business segments.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 6:01 am

International Flavors & Fragrances Inc (IFF) is selling its Cosmetic Ingredients business unit to Clariant AG for $810 million. The unit, which generated about $100 million in revenue in the last 12 months, will help IFF reduce its outstanding debt and focus on its core businesses. The transaction is expected to close in Q1 2024.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 10:23 am

Clariant has agreed to acquire the cosmetic ingredients business unit of International Flavors & Fragrances (IFF) for $810 million. The deal is expected to strengthen Clariant's position in the cosmetic ingredients market.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 6:14 am

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