IFF closes $392 mln purchase of PE-backed Lucas Meyer Cosmetics
International Flavors & Fragrances Inc (NYSE: IFF) has completed its acquisition of Lucas Meyer Cosmetics, a Québec City-based manufacturer of ingredients for the cosmetics and personal care industry. The deal was previously announced to value about €283 million ($392 million). The seller in the transaction was France's Unipex Group Inc, which has been a portfolio company of European private equity firm IK Investment Partners since 2012. IFF, a developer of flavours and fragrances used in consumer products, has its headquarters in New York.
31 July 2015•2 mins read
