IFF and Lucas Meyer Cosmetics Agree to Acquisition Terms
July 23 2015 - 4:30PM
Business Wire
Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext
Paris:IFF), a leading global creator of flavors and fragrances for
consumer products, today announced that Lucas Meyer Cosmetics, a
business of Unipex Group, has accepted IFF’s previously announced
binding offer to acquire Lucas Meyer Cosmetics and has entered into
a binding purchase agreement. The acquisition is expected to close
in the third quarter of 2015.
Lucas Meyer Cosmetics is headquartered in Quebec City, Canada,
with operations in France and Australia. Lucas Meyer Cosmetics
develops, manufactures and markets innovative ingredients for the
cosmetics and personal care industry, offering proprietary active
ingredients, functional ingredients and delivery systems that
address health and wellness macro-trends in the beauty industry in
both the developed and emerging markets.
About IFF
International Flavors & Fragrances Inc. (NYSE: IFF)
(Euronext Paris:IFF) is a leading global creator of flavors and
fragrances used in a wide variety of consumer products. Consumers
experience these unique scents and tastes in fine fragrances and
beauty care, detergents and household goods, as well as beverages,
sweet goods and food products. IFF leverages its competitive
advantages of consumer insight, research and development, creative
expertise and customer intimacy to provide customers with
innovative and differentiated product offerings. A member of the
S&P 500 Index, IFF has more than 6,200 employees working in 32
countries worldwide. For more information, please visit our website
at www.iff.com; follow us on Twitter and LinkedIn.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements
concerning IFF’s expectations regarding the timing of the closing
of the Lucas Meyer acquisition. These expectations are subject to
risks customarily associated with acquisitions, including the
ability and willingness of each of the parties to fulfill the
conditions to the transaction.
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version on businesswire.com: http://www.businesswire.com/news/home/20150723006572/en/
IFFMichael DeVeauVP, Global Corporate Communications &
Investor Relations212-708-7164orDenise GillenManager, Fragrances
Communications212-515-7308
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