a global leader in flavors, fragrances, food ingredients, health and biosciences - announced a strategic collaboration with BASF, one of the world's largest chemical companies and leader in sustainable product innovation, to accelerate the development of IFF's Designed Enzymatic Biomaterials™ technology platform and create next-generation enzyme technologies for fabric, dish and personal care as well as industrial cleaning applications.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251021911702/en/
This collaboration brings together two industry leaders with a shared vision: to develop high-performance, sustainable solutions that meet evolving consumer and market demands. By combining advanced chemical capabilities and expertise in biotechnology and protein engineering from IFF and BASF, the partnership aims to deliver breakthrough solutions at scale that enhance cleaning performance, improve personal care formulations, reduce environmental impact, and support the transition to a more sustainable future.
"We are very excited about the collaboration with BASF to jointly unlock new potential in enzyme and polymer technologies," said Erik Fyrwald, CEO of IFF. "Our partnership enables us to develop market-driven solutions that create sustainable value for both the industry and the environment."
"This partnership marks a strategically significant step for both companies," said Michael Heinz, member of the board of executive directors at BASF. "By combining our research and development expertise, we are creating the foundation to bring large-scale innovative solutions to market faster for our customers."
The joint effort will focus on innovative enzyme systems and biobased polymers, enabling customers to achieve superior performance while reducing resource consumption. Both companies will maintain independent operations and competitive positioning, while leveraging complementary strengths to accelerate innovation and expand choices for customers worldwide.
Cautionary Statement under the Private Securities Litigation Reform Act of 1995 This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws. These statements relate to future events or performance and often include words such as "plan", "expect," "anticipate," "intend," "believe," "will," "may," and similar expressions. Actual results may differ materially due to risks and uncertainties. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update them except as required by law.
