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Clariant completes acquisition of Lucas Meyer Cosmetics

US speciality chemical company Clariant has completed the acquisition of Lucas Meyer Cosmetics from IFF for $810m.

Clariant will consolidate Quebec City-based Lucas Meyer Cosmetics and its 190 employees in its Care Chemicals business unit.

“I see the acquisition of Lucas Meyer Cosmetics as a significant step forward for Care Chemicals. Customers as well as consumers increasingly demand high value natural ingredients,” said Clariant Care Chemicals president Christian Vang.

“We jointly look forward to exciting growth opportunities and expect to increase annual sales to $180m in 2028 from around $100m currently,” he added.

Clariant chief executive Conrad Keijzer said the acquisition supports its goal of accelerating customer- and sustainability-driven innovation.

“The complementarity in customer portfolio, product portfolio, and regional strongholds and capabilities in R&D and in marketing make the combination of Clariant and Lucas Meyer Cosmetics a leading solutions provider for high value personal care brands,” he added.

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Upcoming Events

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

SEPAWA

Estrel Congress Center, Berlin
16th - 18th October 2024

Cosmetorium

Palau de Congressos de Barcelona
23rd - 24th October 2024

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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