OPTS--Opta Food Ingredients Message Board

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Biotech / Medical : OPTS--Opta Food Ingredients

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To: John Finley who wrote (82)	9/23/2000 11:11:28 AM
From: kinkblot	Read Replies (1) of 85

International Food Solutions ifoodsolutions.com IFS was formed November 15, 1999. From the press release: The new company merges the recently acquired Case Swayne Co. and Bestfoods' Milwaukee Seasonings unit. IFS is a part of Bestfoods Foodservice, Bestfoods' North American foodservice unit. Case Swayne / IFS was Opta's largest customer in 1998 and 1999 (don't know about 2000). This is another potential acquisitor. They could munch it for a small multiple of their annual ingredient purchases from Opta. Two levels up, a proposed $20B takeover of Bestfoods (BFO) by food giant Unilever is currently under review by the European Commission. Bestfoods accepted the Unilever offer in early June but the deal has not yet won clearance over antitrust concerns. WT

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