International Flavors & Fragrances announced that it has successfully completed the previously announced acquisition of David Michael & Company.
Founded in 1896, David Michael is headquartered in Philadelphia, US. The Company is well-known in the industry for its vanilla expertise, strength in the Dairy and Beverage categories, and relationships with dynamic, faster-growing middle-market customers.
With the completion of the acquisition, IFF will begin the process of merging David Michael and IFF-Ottens Flavors, acquired in 2015, to further reinforce its differentiated service model in the US for middle-market customers, thus driving growth and strengthening its North American flavors business.
The acquisition deal was announced in September this year.