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What happened to Wiberg Corporation? Did it get bought by International Flavors & Fragrances ?

What happened to Wiberg Corporation? Did it get bought by International Flavors & Fragrances ?
Asked by
Ilija Rankovic categorie-icon time-icon6 months ago
1 Answer Answer Question

Nick Robinson
Answered time-icon6 months ago

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.

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