Clariant today announced that it has completed the acquisition of Lucas Meyer Cosmetics, a leading provider of high-value ingredients for the cosmetics and personal care industry, from IFF for a value of USD 810 million (about CHF 720 million or EUR 746 million).
“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 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.”
“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 Christian Vang, President of the Clariant Business Unit Care Chemicals and the Americas region. “I extend a warm welcome to 190 highly qualified professionals as our new colleagues at Clariant. We jointly look forward to exciting growth opportunities and expect to increase annual sales to USD 180 million in 2028 from around USD 100 million currently.”
The transaction further strengthens Clariant’s portfolio of active and functional cosmetic ingredients. The company says this will provide its Business Unit Care Chemicals with additional high-margin and highly cash-generative natural and sustainable specialty chemicals that are currently in high demand.
Through this operation, IFF intends to reduce its debt and simplify its operations by focusing on its core business.
