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IFF Expands Beyond Scent with Lucas Meyer Cosmetics

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By: TOM BRANNA

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CANADA: International Flavors & Fragrances (IFF) Inc. has made a binding offer to acquire Lucas Meyer Cosmetics, a business of Unipex Group. Under the terms of the offer, IFF will pay approximately €283 million for the cosmetic ingredients supplier. 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 ...

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