IFF Lucas Meyer Cosmetics agree acquisition terms

IFF and Lucas Meyer Cosmetics agree to acquisition terms

5:23 AM, 27th July 2015
IFF and Lucas Meyer Cosmetics agree to acquisition terms

NEW YORK, US: International Flavors & Fragrances Inc said that Lucas Meyer Cosmetics, a business of Unipex Group, has accepted IFF’s previously announced binding offer to acquire Lucas Meyer Cosmetics and has entered into a binding purchase agreement. The acquisition is expected to close in the third quarter of 2015.

Lucas Meyer Cosmetics is headquartered in Quebec City, Canada, with operations in France and Australia. Lucas Meyer Cosmetics develops, manufactures and markets innovative ingredients for the cosmetics and personal care industry, offering 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, IFF said.

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