& fragrances inc. corporate headquarters on 57th street trading name iff traded as nyse iff industry specialty chemicals research and development predecessors polak & schwarz focused on flavoring van ameringen & co. focused on fragrances founded 1958 1958 founders joseph polak & leopold schwarz a.l. van ameringen headquarters new york new york number of locations 29 production and sales facilities 2014 area served worldwide key people andreas fibig ceo richard o leary cfo products flavoring and fragrances for food beverages and cosmetics revenue 3.08 billion 2014 1 operating income 592 million 2014 1 profit 414 million 2014 1 total assets 3.49 billion 2014 1 total equity 1.52 billion 2014 1 number of employees 6 200 2014 website www.iff.com international flavors & fragrances is an american corporation 2 3 4 it is major producer of flavors and fragrances which it markets globally . it is headquartered in new york city and has creative sales and manufacturing facilities in 29 different countries and is a member of the s & p 500 index . contents 1 history 2 controversy 3 references 4 external links 5 see also history edit international flavors & fragrances was formed in 1958 by the merger between polak & schwarz p & s and van ameringen haebler . polak & schwarz was founded in 1889 by leopold schwarz who had an interest in spices flavors and fragrances and his brother in law joseph polak in the small dutch town of zutphen . p & s quickly grew to 36 sites globally . arnold louis a.l. van ameringen was hired by polak & schwarz to open p & s s us office in 1917 before losing his job with them . relieved of his duties he opened van ameringen & co. at 13 gold street in manhattan took over morana inc. in 1920 and became van ameringen haebler vah in 1929 . van ameringen is credited with suggesting to bar soap and detergent manufacturers that they scent their products to boost sales . the two companies did well through the bulk of the 20th century despite difficulties for p & s during world war ii . while both companies managed flavors and fragrances polak & schwarz had particular strengths in flavors and van ameringen haebler built a powerful reputation in fragrances . in 1958 the two companies announced their merger to become international flavors & fragrances inc. iff was listed on the new york stock exchange in 1964 . in 2000 iff acquired bush boake allen with its complementary products technologies and presence in key markets making iff the largest flavor and fragrance house in the world for several years . in 2014 iff acquired aromor . iff has creative sales and manufacturing facilities in 29 different countries and is a member of the s & p 500 index . iff is a 7 billion market capital company 5 with a global footprint that generated over 75 percent of its 2010 sales outside the united states and 45 percent in the emerging markets . in 2016 iff announced that it completed the acquisition of david michael & company of philadelphia . controversy edit iff has been involved in several lawsuits relating to cases of bronchiolitis obliterans allegedly resulting from exposure to diacetyl in butter flavorings by workers at the glister mary lee popcorn plant in jasper missouri . the plaintiffs claim the manufacturers knew about the dangers of the butter flavoring used in the popcorn factory but failed to give a warning . the defendants said they were unaware of the risk and suggested there was not enough evidence to prove their product had caused the disease . several suits have already been settled amounting to almost 53 million in damages . 6 references edit a b c d e iff key financial data . nyse . retrieved 4 may 2015 . http www.iff.com contact us http www.iff.com company http www.iff.com company who we are nyse new york stock exchange listings listings directory . nyse.com . 2013 . retrieved january 10 2014 . iff fined 12m in popcorn flavour case . food navigator . 7 september 2005 . retrieved 4 may 2015 . external links edit the world of smell an inside tour of the world s largest perfume lab from time.com iff official website see also edit firmenich takasago symrise givaudan frutarom retrieved from https en.wikipedia.org w index.php title international flavors % 26 fragrances & oldid 744045972 categories companies listed on the new york stock exchangeflavor companiesfragrance companieschemical companies of the united statescompanies established in 1958manufacturing companies based in new york cityhidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite 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