International Flavors & Fragrances Inc. on May 1 completed its acquisition of Henry H. Ottens Manufacturing Co. Inc. for a transaction value of $188.8 million.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Morgan Stanley was the financial adviser for International Flavors & Fragrances, and Cleary Gottlieb Steen & Hamilton LLP was the legal adviser.

Houlihan Lokey Inc. was the financial adviser for Henry H. Ottens Manufacturing, while DLA Piper LLP (US) was the legal adviser.