Clariant Acquires Lucas Meyer Cosmetics from IFF for 810 Million Dollars

810 Million Dollar Deal Clariant Completes Acquisition of Lucas Meyer Cosmetics

04.04.2024 Source: Clariant 1 min Reading Time

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Clariant International AG

Clariant, a leader in specialty chemicals, has successfully acquired Lucas Meyer Cosmetics from IFF for 810 million dollars, marking a significant step in its strategy for sustainable and customer-focused innovation.

Clariant will consolidate Lucas Meyer Cosmetics in its Business Unit Care Chemicals as of 2 April 2024.
(Source: Clariant)

Speciality chemical company Clariant has completed the acquisition of Lucas Meyer Cosmetics, a provider of ingredients for the cosmetics and personal care industry, from IFF for an Enterprise Value of 810 million dollars. “The acquisition of Lucas Meyer Cosmetics is a prime example of how we implement our purpose-led growth strategy and support our goal of accelerating customer- and sustainability-driven innovation,” said Conrad Keijzer, Chief Executive Officer of Clariant. ”

The transaction further transforms Clariant’s portfolio toward high-growth, high-margin and highly cash-generative specialty chemicals businesses and consumer end-markets underpinned by accelerating demand for natural and sustainable products. It increases Clariant’s exposure to the active and functional cosmetic ingredients market in the Business Unit Care Chemicals.

Clariant will consolidate Lucas Meyer Cosmetics in its Business Unit Care Chemicals as of 2 April 2024.

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