Bunge Strengthens Soy-Based Product Portfolio with IFF Acquisition

Bunge has entered into an agreement to acquire key assets from International Flavors & Fragrances Inc. (IFF), focusing on IFF’s lecithin, soy protein concentrate, and soy crush businesses. This move aligns with Bunge's long-term strategy to expand its position within the food, feed, and biofuel industries. The deal, expected to close by the end of the year pending regulatory approvals, includes IFF’s commodity-oriented operations that generated approximately $240 million in revenue for IFF in 2024 and employ around 250 people globally.

In a conference call, IFF's CEO stated that the divestiture of these operations allows the company to concentrate on its more profitable, differentiated product lines, improving overall margins in its food ingredients division. This acquisition adds to Bunge's recent strategic growth, following its merger with Viterra in July 2025. By purchasing IFF's soy-related assets, Bunge aims to enhance its capabilities in producing soy-based products and optimize its supply chain to further integrate its operations globally.