Dec. 16 (UPI) -- U.S. conglomerate DuPont said it's merging its nutrition and biosciences business with International Flavors & Fragrances to create a new $45 billion consumer goods company.
DuPont said shareholders will hold a majority stake in the new company, which will have combined yearly revenues of more than $11 billion. International Flavors & Fragrances has 33,000 customers and manufacturing and research outlets around the world.