IFF to buy Lucas Meyer Cosmetics from PE-owned Unipex for $392 mln
International Flavors & Fragrances Inc (NYSE: IFF) has agreed to purchase Lucas Meyer Cosmetics, a maker of ingredients for the cosmetics and personal care industry based in Québec City. IFF, a U.S. developer of flavours and fragrances used in consumer products, said it will pay about €283 million ($392 million) for the company, which is owned by Unipex Group Inc. The deal, which is expected to close in the third quarter, follows the sale in April of Unipex Solutions Canada Inc to KODA Distribution Group. Headquartered in Paris, Unipex Group is a portfolio company of European private equity firm IK Investment Partners.
12 June 2015•5 mins read
