“Strategically, we love this. We can really offer our customer full-set solutions that nobody else, any other competitor, can do,” DuPont’s CEO Ed Breen said earlier today on the announcement of the $26.2 billion mergers with DuPont and IFF yesterday.
nutrition & biosciences unit in a deal that will create a new consumer giant valued at more than $45 billion.
IFF Chief Executive Officer Andreas Fibig will run the combined company and will also continue to be chairman of the board. "We conducted a very thorough process leading us to the selection of IFF as the preferred strategic partner for N&B," DuPont Executive Chairman Ed Breen said. "Together, we will create a leading ingredients and solutions provider with a broader set of capabilities to meet our customers' evolving needs," IFF's Fibig said.
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