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IFF To Acquire Lucas Meyer

Fragrance supplier enters cosmetics ingredients sector via €283 million binding offer.

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By: Christine Esposito

Editor-in-Chief

International Flavors & Fragrances Inc. (IFF) has made a binding offer for the acquisition of 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...

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