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Phoenix Flavors And Fragrances Completes The Acquisition Of Innovative Fragrances

Apr 18, 2022•over 3 years ago

Acquiring Company

Phoenix Flavors and Fragrances

Acquired Company

Fragrances

Media And Entertainment

Description

Phoenix Flavors and Fragrances (“Phoenix” or the “Company”), a leading developer and compounder of high-performance flavors and fragrances, announced today the acquisition of Innovative Fragrances Inc. (“IFI”), an Atlanta-based developer and compounder of fragrance compounds serving a diverse set of end markets including home fragrance, personal care, candles and other air fresheners. The acquisition of IFI aligns with the Company’s vision in creating a market-leading developer of high-performance flavors and fragrances, supported by a strong team of perfumers and regulatory experts to meet customer specific requirements and needs.

Company Information

Company

Phoenix Flavors and Fragrances

About

Since its founding in 2017, Phoenix Flavor and Fragrances’ mission has been to act as a high-quality producer of flavors and fragrances formulated with the use of exceptional ingredients. The Company’s customer centric solutions are developed jointly with customers and developed with a market leading team of perfumers and evaluators to advise, develop and deliver high performance flavors and fragrances. Phoenix’s flavor and fragrance solutions are supported by an industry-leading regulatory team and state-of-the-art QA/QC laboratories. The Company strives to consistently operate on the cutting edge of the swiftly changing innovation and consumer preferences in our dynamic worldwide market. Our marketing and technical experts collaborate with our clients to ensure we adapt to an ever-evolving marketplace.

Company

Fragrances

About

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed