- IFF (NYSE:IFF) has set up a new Nourish Innovation Lab in Union Beach, New Jersey, the flavors & fragrances firm announced on Friday.
- The lab is located in the greater New York City area and is among a series of aggressive investments IFF is making to broaden co-creation capabilities. It will enable IFF scientists and customers to co-create, pilot forward-looking food and beverage solutions.
- The facility will will integrate IFF R&D projects with commercial applications desired by consumers, with a special focus on wellness, sustainability and advancing the circular economy.
- IFF shares have fallen 18% over the past year and YTD
- Read more on IFF's Q2 results