International Flavors & Fragrances indeed acquired a big part of Wiberg Corporation. IFF bought the remaining 50% of the shares of Wiberg Corporation on June 3rd. Wiberg Corporation is a subsidiary of the Austrian company Wiberg GmbH. The company specialises in savoury solutions such as spices, blends and functional ingredients for the food industry.
Frutarom acquired Wiberg GmbH for $130 million in 2015 in order to expand its market leadership in savoury solutions market globally. The deal also included Wiberg’s 50% ownership share in the Wiberg Corporation.