M&A Deal Summary

IFF Acquires Lucas Meyer Cosmetics

On July 30, 2015, IFF acquired chemicals company Lucas Meyer Cosmetics from Unipex Group for 283M EUR

Acquisition Highlights
  • This is IFF’s 3rd transaction in the Chemicals sector.
  • This is IFF’s largest (disclosed) transaction.
  • This is IFF’s 1st transaction in Canada.
  • This is IFF’s 1st transaction in Quebec.
Investment Fate
  • Lucas Meyer Cosmetics was divested to a consortium of strategic buyers in 2023 for 810M USD.

M&A Deal Summary
Date 2015-07-30
Target Lucas Meyer Cosmetics
Sector Chemicals
Buyer(s) IFF
Sellers(s) Unipex Group
Deal Type Divestiture
Deal Value 283M EUR

Target

Lucas Meyer Cosmetics

Québec, Quebec, Canada
website
Lucas Meyer Cosmetics is a manufacturer and marketer of innovative ingredients for the cosmetics and personal care industry. Lucas Meyer Cosmetics was formed in 1999 and is based in Québec.

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Buyer(S) 1

Buyer

IFF

New York, New York, United States

website

Category Company
Founded 1833
Sector Chemicals
Employees24,000
Revenue 11.7B USD (2021)
DESCRIPTION

IFF is a provider 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 was founded in 1833 and is based in New York City.

DEAL STATS #
Overall 4 of 12
Sector (Chemicals) 3 of 3
Type (Divestiture) 1 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2015) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Henry H. Ottens Manufacturing

Philadelphia, Pennsylvania, United States

Henry H. Ottens Manufacturing Co., Inc.(dba Ottens Flavors) is a flavor supplier to a wide variety of companies all over the world. Ottens Flavors is well-known for its diverse flavors technologies and outstanding customer service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 David Michael

Philadelphia, Pennsylvania, United States

David Michael & Co., Inc. is a food flavors company. David Michael offers a comprehensive line of over 44,000 flavors, stabilizers and natural colors, which can be custom-designed to meet the needs of virtually any food product.

Buy -

Seller(S) 1

SELLER

Unipex Group

Paris, France

website

Category Company
Founded 1968
Sector Chemicals
Revenue 178M USD (2013)
DESCRIPTION

Unipex Group is a developer, manufacturer, and marketer of more than 2000 value-added products for the cosmetics, pharmaceutical, chemical and nutrition industries, Its ‘Active Ingredients and Specialty Chemicals’ division develops and produces innovative active ingredients, in addition to distributing active ingredients and special chemicals on behalf of third parties. Unipex Group was founded in 1968 and is based in Paris, France.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 2
State (Quebec) 2 of 2
Country (Canada) 2 of 2
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-20 Unipex Solutions Canada

Boucherville, Quebec, Canada

Unipex Solutions Canada, Inc. is a specialty chemicals distribution in Canada.

Sell -
Mergr

Product

Company

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