Sector News

International Flavors & Fragrances To Buy Lucas Meyer Cosmetics

June 16, 2015
Chemical Value Chain
(RTT News) – International Flavors & Fragrances Inc. (IFF), a global creator of flavors and fragrances for consumer products, announced it has made a binding offer for the acquisition of Lucas Meyer Cosmetics, a business of Unipex Group. The company will pay approximately 283 million euros. The acquisition is expected to close in the third quarter of 2015.
 
Lucas Meyer Cosmetics, headquartered in Quebec City, Canada, with operations in France and Australia, develops, manufactures and markets ingredients for the cosmetics and personal care industry.
 
The company noted that 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.

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