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Wednesday, April 10, 2024Sector

Clariant completes acquisition of Lucas Meyer Cosmetics

Clariant achève l'acquisition de Lucas Meyer Cosmetics

Clariant (supplier of raw materials for various industries, including cosmetics), has just announced the completion of its $810 million acquisition of Lucas Meyer Cosmetics from IFF.

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“The acquisition of Lucas Meyer Cosmetics is an excellent example of how we are implementing our targeted growth strategy and supporting our goal of accelerating customer-focused innovation and sustainability,” said Conrad Keijzer, Chief Executive Officer of Clariant. “The complementary customer portfolio, product portfolio, regional strongholds and R&D and marketing capabilities make the combination of Clariant and Lucas Meyer Cosmetics a leading solutions provider for high value-added personal care brands.”

Clariant has integrated Lucas Meyer Cosmetics into its Care Chemicals Business Unit as of April 2, 2024. Jobs will be maintained.

“We are looking forward to exciting growth opportunities and expect to increase annual sales to $180 million by 2028, from the current level of around $100 million,” said Christian Vang, President of Clariant’s Care Chemicals Business Unit and of the Americas region.

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