FFG Industries, Inc. Commences Tender Offer to Acquire Technology Flavors & Fragrances, Inc.

FFG Industries, Inc. Commences Tender Offer to Acquire Technology
Flavors & Fragrances, Inc. 


UPPER SADDLE RIVER, N.J., May 16  /PRNewswire/ -- FFG Industries, Inc.
announced today that it has commenced a tender offer through a wholly owned
subsidiary to purchase all of the outstanding shares of common stock of
Technology Flavors & Fragrances, Inc. (AMEX:TFF) for $1.55 per share net to the
seller in cash.  The terms and conditions of the offer are set forth in
documents filed today with the Securities and Exchange Commission.  The offer
and withdrawal rights are scheduled to expire at midnight, New York City time,
on June 14, 2005, unless the offer is extended.

The offer is being made pursuant to the previously announced Agreement and Plan
of Merger among the companies.  Following the successful completion of the
tender offer, Technology Flavors & Fragrances will be merged with the wholly
owned subsidiary of FFG Industries, and as a result Technology Flavors &
Fragrances will become a private company.

The tender offer is not contingent upon obtaining financing, but is subject to
the satisfaction of other conditions, including the absence of a material
adverse change to the business or prospects of Technology Flavors & Fragrances
or the consolidated company after the merger.

The Board of Directors of Technology Flavors & Fragrances has unanimously
approved the transaction and recommended that stockholders tender their shares
in the tender offer.

This press release is neither an offer to purchase nor a solicitation of an
offer to sell securities.  The tender offer is made only through the Offer to
Purchase, the related Letter of Transmittal and other tender offer documents,
which are being mailed to stockholders of Technology Flavors & Fragrances
beginning today.  Stockholders of Technology Flavors & Fragrances are advised
to read the tender offer documents because they contain important information. 
Stockholders may obtain a copy of the tender offer documents for free at the
SEC's website at http://www.sec.gov/ or from the information agent.

FFG Industries, Inc. has appointed Mellon Investor Services LLC to act as
depositary and information agent in the tender offer.  Copies of the offering
documents describing the tender offer may be obtained by calling Mellon
Investor Services LLC at 1-888-509-7935. 

DATASOURCE: FFG Industries, Inc.



CONTACT:  Mellon Investor Services LLC, 1-888-509-7935 for FFG

Industries, Inc.

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