Phoenix Flavors and Fragrances acquired Innovative Fragrances Inc., an Atlanta-based developer and compounder of fragrance compounds.
WHO: Founded in 2013, Innovative Fragrances Inc. (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 capable perfumers.
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.
WHY: The acquisition of IFI aligns with Phoenix Flavors and Fragrances’ vision of creating a market-leading developer of high-performance flavors and fragrances, supported by a strong team of perfumers and regulatory experts.
IN THEIR OWN WORDS: "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.
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