M&A Deal Summary

Clariant AG Acquires IFF - Cosmetics Ingredients Business

On April 3, 2024, Clariant AG acquired chemicals company IFF - Cosmetics Ingredients Business from IFF

Acquisition Highlights
  • This is Clariant AG’s 8th transaction in the Chemicals sector.
  • This is Clariant AG’s 5th transaction in the United States.
  • This is Clariant AG’s 1st transaction in New York.

M&A Deal Summary
Date 2024-04-03
Target IFF - Cosmetics Ingredients Business
Sector Chemicals
Buyer(s) Clariant AG
Sellers(s) IFF
Deal Type Divestiture

Target

IFF - Cosmetics Ingredients Business

New York, New York, United States
IFF's Cosmetics Ingredients Business deliver innovative ingredients for the cosmetic and personal care product portfolio.

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Buyer(S) 1

Buyer

Clariant AG

Muttenz, Switzerland
Category Company
Founded 1995
Sector Chemicals
DESCRIPTION

Clariant AG is a specialty chemicals company. Clariant offers chemicals such as adsorbents, biocides, industrial ingredients, and detergents, as well as chemicals and dyes for textiles, leather, and paper. Clariant also manufacturers de-icing agents and fire retardants.

DEAL STATS #
Overall 11 of 11
Sector (Chemicals) 8 of 8
Type (Divestiture) 3 of 3
State (New York) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Lucas Meyer Cosmetics

Québec, Quebec, Canada

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.

Buy $810M

Seller(S) 1

SELLER

IFF

New York, New York, United States
Category Company
Founded 1909
Sector Chemicals
Employees21,500
Revenue 11.5B USD (2023)
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 1909 and is based in New York City.

DEAL STATS #
Overall 6 of 7
Sector (Chemicals) 5 of 6
Type (Divestiture) 6 of 6
State (New York) 4 of 4
Country (United States) 4 of 4
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 IFF s Pharma Solutions Business

New York, New York, United States

IFF's Pharma Solutions Business developes and manufactures pharmaceutical excipients and includes its Global Specialty Solutions business supporting industrial and methyl cellulosic food applications.

Sell $2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Flavors and Essences

Blackburn, United Kingdom

Flavors and Essences specializes in the development, production and marketing of flavor extracts for a variety of products. Flavors and Essences is based in Blackburn, United Kingdom.

Sell £22M
Mergr

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