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.
