22-Jun-2015 - IFF International Flavors & Fragrances Inc.

IFF to Expand into Cosmetics Ingredients

Makes Binding Offer for the Acquisition of Lucas Meyer Cosmetics

International Flavors & Fragrances Inc. announced that it has made a binding offer for the acquisition of Lucas Meyer Cosmetics, a business of Unipex Group. The transaction is structured as a binding offer in order to allow the seller to consult with its French works council prior to entering into the final purchase agreement. The acquisition is expected to close in the third quarter of 2015 and is subject to exclusivity protection.

Lucas Meyer Cosmetics, headquartered in Quebec City, Canada, with operations in France and Australia, develops, manufactures and markets innovative ingredients for the cosmetics and personal care industry. The Company offers proprietary active ingredients, functional ingredients and delivery systems that address health and wellness macro-trends in the beauty industry in both the developed and emerging markets.

“The addition of Lucas Meyer Cosmetics to the IFF portfolio aligns well with our strategic growth initiative to strengthen and expand our portfolio,” said IFF Chairman and CEO Andreas Fibig. “The Company has a successful track record of delivering double-digit compounded annual sales growth since 2011 in a very attractive industry. We believe they will be an excellent complement to our existing portfolio and will strengthen our ability to achieve our Vision 2020 goals of accelerated growth and increased differentiation.”

Under the terms of the offer, IFF will pay approximately €283 million. The transaction, which will be funded from existing resources, is expected to add revenues of approximately €40 million on an annualized basis.

Facts, background information, dossiers
More about IFF
  • News

    LANXESS to acquire IFF’s microbial control business

    LANXESS is taking another big step on its growth course: the specialty chemicals company intends to take over the microbial control business of the U.S. group International Flavors & Fragrances Inc. (IFF). Both companies signed a corresponding agreement on August 23, 2021. IFF Microbial Con ... more

    IFF to Acquire Ottens Flavors to Strengthen North American Business

    International Flavors & Fragrances Inc. announced that it has entered into an agreement to acquire Henry H. Ottens Manufacturing Co., Inc.. Founded more than 130 years ago, Ottens Flavors is a privately-held company headquartered in Philadelphia, Ottens Flavors’ customer base includes a str ... more

    IFF Publishes Sustainability Report with 2013 Performance Highlights

    International Flavors & Fragrances Inc. announced the publication of its latest annual sustainability report, Lasting Change. The report details the Company’s continuing commitment to the Triple Bottom Line, with its strategic initiatives that address corporate, social and environmental res ... more

  • Companies

    IFF International Flavors & Fragrances Inc.

    IFF is a leading creator of flavors and fragrances used in a wide variety of consumer products and packaged goods. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, confectionery and food products. T ... more