IFF Opens Mexico Business Hub at Tecnoparque

NEW YORK--(BUSINESS WIRE)--To further strengthen its ability to serve customers with leading innovations, IFF (NYSE: IFF) announced it will combine the majority of its business operations in Mexico at a new site in Mexico City within the Tecnoparque business complex. The move will begin immediately with its Global Business Services Center—which supports the company’s full business capabilities serving Mexican and Latin American markets—and is expected to finalize by 2026. IFF’s new facilities will house up to 650 employees across its Health & Biosciences, Scent, Taste and Food Ingredients businesses, making it one of IFF’s largest office locations.

“Mexico’s rich cultural heritage, traditions and captivating sensorial experiences make it a strategic market in our global growth strategy,” said Erik Fyrwald, IFF CEO. “By moving to this new site, IFF is better positioned to win with customers by leveraging the collective power of science and creativity across our businesses in one physical location.”

IFF's new facilities in Mexico City align with similar initiatives in markets worldwide, where the company has established technology and innovation hubs. These sites aim to enhance IFF’s ability to meet evolving customer demands, accelerate product market entry and improve sustainability. The move to Tecnoparque will include labs focused on product creation, design, testing, research and development, and business services. The offices will also incorporate spaces designed for collaboration, unique immersive experiences and co-creation with customers, further enabling IFF to tap into Mexico’s vibrant and exciting culture, cuisine and history. In addition to primarily serving the Mexican market, the company’s business hub in Tecnoparque will also support business development across Latin America and the Caribbean.

“Attracting, developing and retaining the best talent is key to enabling sustainable business growth,” said Deborah Borg, chief people officer at IFF. “Our new location in Mexico City offers a vibrant work environment with open workspaces, cutting-edge technology, access to nature, and health and wellness opportunities for our employees.”

The new IFF offices in Mexico City are part of the Tecnoparque business complex, which includes 50,000 square meters of green space and more than 600 trees. The complex generates enough solar power to meet its own energy demands and features a sophisticated water-management system and responsible waste management.

IFF’s facilities in Tlalnepantla—which have been the home of the company's legacy for more than 60 years in Mexico—will continue to serve as a strategic production site for the Scent and Taste business units.

Cautionary Statement under the Private Securities Litigation Reform Act of 1995

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “”plan”, “expect,” “anticipate,” “intend,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the timing or nature of the new facilities. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances.

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