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If there's one company that knows the smell of success, it's International Flavors & Fragrances, now led by chairman and CEO Andreas Fibig.

And there are a few main drivers of the decades-old company's winning track record, which has hardly stemmed in recent years, Fibig told Cramer on Monday.

'There are two secrets, I would say. One is differentiations through technology,' the CEO said.

Fibig cited IFF's recent acquisition of PowderPure, a company that has developed a way to make fresh, natural ingredients into powder for flavoring or coloring foods.

'Differentiation is key. And the second thing is, what we have discovered over the last couple of years [is] that many of our smaller customers are actually much more dynamic in the market than the bigger ones,' Fibig said.

Localizing business has been the key to IFF's global success, the CEO said, as IFF develops specific products for different markets at 34 creative centers around the world.