16 Dec 2019 --- In breaking news today, International Flavors & Fragrances (IFF) has entered into a definitive agreement for the merger with DuPont’s Nutrition & Biosciences (N&B) business. The deal values the combined company at US$45.4 billion on an enterprise value basis, reflecting a value of US$26.2 billion for the N&B business based on IFF’s share price as of December 13. The move is pegged as a “pivotal moment” for IFF’s ambitions to expand beyond flavors, with the integration of DuPont’s complementary portfolios expected to provide significant leverage across global categories of Taste, Texture, Scent, Nutrition, Enzymes, Cultures, Soy Proteins and Probiotics categories.