EXHIBIT 21
LIST OF REGISTRANT'S PRINCIPAL SUBSIDIARIES
There is furnished below a list of the principal subsidiaries of
Registrant. All the voting stock of each subsidiary, other than directors'
qualifying shares, if any, is wholly owned by Registrant or a subsidiary of
Registrant, except that International Flavors & Fragrances I.F.F. (France)
S.a.r.l. is owned 70% by International Flavors & Fragrances I.F.F. (Nederland)
B.V. and 30% by Registrant, I.F.F. Essencias e Fragrancias Ltda. is owned 63% by
Registrant and 37% by International Flavors & Fragrances I.F.F. (Nederland)
B.V., and International Flavours & Fragrances I.F.F. (Great Britain) Ltd. is
owned 49% by International Flavors & Fragrances I.F.F. (Nederland) B.V. and 51%
by Aromatics Holdings Limited.
ORGANIZED UNDER
NAME OF COMPANY LAWS OF
--------------- ---------------
International Flavors & Fragrances Inc. ................................ New York
International Flavors & Fragrances I.F.F. (Nederland) B.V. ........... The Netherlands
Aromatics Holdings Limited ......................................... Ireland
IFF-Benicarlo, S.A. .............................................. Spain
Irish Flavours and Fragrances Limited ............................ Ireland
International Flavours & Fragrances I.F.F. (Great Britain) Ltd. .. England
International Flavors & Fragrances I.F.F. (Italia) S.r.l. ........ Italy
International Flavors & Fragrances I.F.F. (Deutschland)
G.m.b.H. .......................................................... Germany
International Flavors & Fragrances I.F.F. (Switzerland) A.G. ....... Switzerland
International Flavors & Fragrances I.F.F. (France) S.a.r.l. ........ France
International Flavors & Fragrances (Hong Kong) Ltd. ................ Hong Kong
International Flavors & Fragrances (Japan) Ltd. .................. Japan
International Flavors & Fragrances S.A.C.I. .......................... Argentina
I.F.F. Essencias e Fragrancias Ltda. ................................. Brazil
International Flavours & Fragrances (Australia) Pty. Ltd. ............ Australia
International Flavours & Fragrances (China) Ltd. ..................... China
P.T. Essence Indonesia ............................................... Indonesia
International Flavors & Fragrances (Mexico) S.A. de C.V. ............. Mexico
International Flavors & Fragrances I.F.F. (Espana) S.A. .............. Spain
ALVA Insurance Limited ............................................... Bermuda
IFF Concentrates Inc. ................................................ Oregon
Auro Tech, Inc. ...................................................... Wisconsin
IFF Fruit Specialties Inc. ........................................... Wisconsin
E-1
EXHIBIT INDEX
EXHIBIT DESCRIPTION
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3 Restated Certificate of Incorporation of Registrant, incorporated
by reference to Exhibit 3 to Registrant's Report on Form 10-K for
fiscal year ended December 31, 1993 (File No. 1-4858).
3(b) By-laws of Registrant, incorporated by reference to Exhibit
3(b) to Registrant's Report on Form 10-K for fiscal year ended
December 31, 1993 (File No. 1-4858).
3(c) Amendment to By-laws adopted December 12, 1996.
4(a) Shareholder Protection Rights Agreement dated as of February
20, 1990 between Registrant and The Bank of New York, as Rights
Agent, incorporated by reference to Exhibit 4 to Registrant's
Report on Form 8-K dated February 13, 1990 (File No. 1-4858).
4(b) Amendment No. 1 dated as of April 6, 1990 to Shareholder
Protection Rights Agreement, incorporated by reference to
Exhibit 4 to Registrant's Report on Form 10-Q dated May 14,
1990 (File No. 1-4858).
4(c) Amendment No. 2 dated as of March 8, 1994 to Shareholder
Protection Rights Agreement, incorporated by reference to
Exhibit 4(c) to Registrant's Report on Form 10-K for fiscal
year ended December 31, 1993 (File No. 1-4858).
4(d) Specimen certificates of Registrant's Common Stock bearing legend
notifying of Shareholder Protection Rights Agreement, incorporated
by reference to Exhibit 4(b) to Registrant's Report on Form 10-K
for fiscal year ended December 31, 1989 (File No. 1-4858).
9 Not applicable.
10(a) Agreement dated as of January 1, 1992 between Registrant and
Eugene P. Grisanti, Chairman and President of Registrant,
incorporated by reference to Exhibit 10(a) to Registrant's Report
on Form 10-K for fiscal year ended December 31, 1991 (File No.
1-4858).
10(b) Form of Executive Severance Agreement approved by Registrant's
Board of Directors on February 14, 1989 incorporated by reference
to Exhibit 28(b) to Registrant's Report on Form 10-K for fiscal
year ended December 31, 1988 (File No. 1-4858).
10(c) Registrant's Executive Death Benefit Plan effective July 1, 1990,
incorporated by reference to Exhibit 28 to Registrant's Report on
Form 10-K for fiscal year ended December 31, 1990 (File No.
1-4858).
10(d) Supplemental Retirement Investment Plan adopted by Registrant's
Board of Directors on November 14, 1989 incorporated by reference
to Exhibit 28 to Registrant's Report on Form 10-K for fiscal year
ended December 31, 1989 (File No. 1-4858).
10(e) Supplemental Retirement Plan adopted by Board of Directors on
October 29, 1986, incorporated by reference to Exhibit 10(b) to
Registrant's Report on Form 10-K for fiscal year ended December
31, 1986 (File No. 1-4858).
10(f) Restated Management Incentive Compensation Plan of Registrant,
incorporated by reference to Exhibit A to the Registrant's
Proxy Statement dated March 28, 1995 (File No. 1-4858).
10(h) Stock Option Plan for Non-Employee Directors, incorporated by
reference to Exhibit A to the Proxy Statement of Registrant
dated April 3, 1990 (File No. 1-4858).
10(i) Registrant's Directors' Deferred Compensation Plan adopted by
Registrant's Board of Directors on September 15, 1981,
incorporated by reference to Exhibit 10-A to Registrant's Report
on Form 10-Q dated November 12, 1981 (File No. 1-4858).
EXHIBIT DESCRIPTION
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10(j) Director Charitable Contribution Program adopted by the Board of
Directors on February 14, 1995 incorporated by reference to
Exhibit 10(j) to Registrant's Report on Form 10-K for the fiscal
year ended December 31, 1994 (File No. 1-4858).
10(k) Agreement dated as of July 22, 1996 between Registrant and
Hugh R. Kirkpatrick, former Senior Vice-President and Director
of Registrant.
11 Not applicable.
12 Not applicable.
13 Not applicable.
16 Not applicable.
18 Not applicable.
21 List of Principal Subsidiaries. See page E-1 of this Form 10-K.
22 Not applicable.
23 Consent of Price Waterhouse LLP. See page 29 of this Form 10-K.
24 Powers of Attorney authorizing George Rowe, Jr. and Stephen A.
Block to sign this report and amendments thereto on behalf of
certain directors and officers of the Registrant.
27 Financial Data Schedule (EDGAR version only).
28 Not applicable.
99 None.