425
Filing pursuant to Rule 425 under the
Securities Act of 1933, as amended
Filer: International Flavors & Fragrances Inc.
Subject Companies: International Flavors & Fragrances Inc.; Frutarom Industries Ltd.
Filers Commission File Number: 1-4858
Date: May 7, 2018
IFF Customer FAQ
1. |
What did IFF announce? |
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IFF announced that it is combining with Frutarom to create a global leader in taste, scent and nutrition. |
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Frutarom is a flavors, savory solutions and natural ingredients company with production and development centers on six continents. |
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It markets and sells over 70,000 products to more than 30,000 customers in over 150 countries. |
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Frutarom is primarily focused on natural products, which drive more than 75% of its sales. |
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Frutaroms product portfolio consists of innovative and integrated solutions combining taste and health, natural and clean label products. |
3. |
Why is IFF combining with Frutarom? |
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The transaction is all about growth. |
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It unites two industry-leading, innovative companies, and will establish a global leader in taste, scent and nutrition. |
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Frutarom is focused on natural products and they have a compelling presence in categories such as natural colors, health and beauty ingredients, natural food protection and enzymes. |
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Together, we will offer our customers access to comprehensive and differentiated integrated solutions with increased focus on naturals and health and wellness. |
4. |
How will this benefit customers? |
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This combination is great news for our customers and will better position us to serve you as a global leader in taste, scent and nutrition. |
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Together, we will offer our customers access to comprehensive and differentiated integrated solutions with increased focus on naturals and health and wellness. |
5. |
Will there be any changes to customer contracts or pricing as a result of the announcement? What happens after the completion of the combination? |
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There have been no changes to contracts or pricing as a result of this news. |
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Until the transaction closes, IFF and Frutarom will continue to be separate organizations, and we will operate as usual. |
6. |
Will there be any impact on production and delivery times? |
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It is business as usual. |
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We are continuing to meet production schedules and make timely deliveries around the world. |
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The relationship we build with customers like you remain at the center of everything we do. |
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Our primary focus will continue to be on providing our customers with quality products at a great value. |
7. |
Will my point of contact change? Will there be changes to how I interact with IFF? |
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Until the transaction closes, which we expect to occur in six to nine months, we will continue to be separate organizations, and we will operate as usual. |
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Your point of contact will remain the same and there will be no changes to how we work with you. |
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You can expect the same quality products, services and support that you have come to rely on from IFF. |
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Both IFF and Frutarom have experience with integration, and we expect this process to be seamless. |
8. |
When is the transaction expected to close? What are the next steps? |
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The transaction is expected to close in six to nine months, subject to customary closing conditions and regulatory approvals. |
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Until then, IFF and Frutarom will continue to be separate organizations, and we will operate as usual. |
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Once the companies combine, your account manager will keep you apprised of any changes on a timely basis. Our goal is to make the transition as seamless as possible. |
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Both IFF and Frutarom have successful track records integrating companies, and we expect this process to be seamless. |
9. |
Where can I find more information about the announcement? |
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The press release that we issued today is posted on our website. |
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If you have additional questions, please do not hesitate to contact [your local Account Manager / INSERT]. |