ATLANTA--(BUSINESS WIRE)--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.
“We are extremely pleased to complete the acquisition of IFI, believing it represents a highly complementary business with shared values and vision as a technical expert in the creation of fine fragrance compounds with a strong team of perfumers, salespeople, customer service representatives and stringent QA/QC – all of which is leveraged to create a high-service business model with the utmost emphasis on meeting and exceeding the technical, quality and regulatory requirements of customers. We look forward to partnering with the IFI team as we enhance the value we bring to existing and new customers,” said Jim Unrath, President of Phoenix Flavors and Fragrances.
IFI’s customer solutions are supported by a suite of resources and comprehensive portfolio of value-added services, including fragrance development and duplication, sampling, regulatory and technical support, custom formulation, and in-house laboratory quality assurance and quality control. Since its founding in 2013, IFI has consistently provided outstanding value to its customers by analyzing, replicating and creating individual scents for diverse fragrance needs, guaranteeing quality fragrance oils. The addition of IFI to Phoenix enhances the geographic reach of the platform in the Southeast United States and enhances the strength of the perfumery, regulatory, and technical solutions Phoenix Flavors and Fragrances offers to customers.
Looking forward, Phoenix Flavors and Fragrances plans to continue the execution of its organic growth plan and pursuit of selective M&A, focused on technical experts in the creation of both flavors and fragrances. The Company continues to focus on expanding the value-added platform, seeking targeted opportunities to enhance the value, quality, and breadth of solutions we bring to customers.
About Phoenix Flavors and Fragrances:
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.
Since its founding in 2013, IFI has developed a strong reputation as a fragrance supplier for personal care, candles, soaps, household, industrial and institutional products. The Company has distinguished itself as a leader in fragrance duplication for both small specialty companies and large manufacturers supported by a team of perfumers capable of turning customers’ imaginations into reality. IFI seeks to create fragrances that set the tone for your product to reach new heights with "creativity, scent-sitivity and style."