M&A Deal Summary

Clariant AG Acquires Lucas Meyer Cosmetics

On October 30, 2023, Clariant AG acquired chemicals company Lucas Meyer Cosmetics from IFF for 810M USD

Acquisition Highlights
  • This is Clariant AG’s 7th transaction in the Chemicals sector.
  • This is Clariant AG’s 2nd largest (disclosed) transaction.
  • This is Clariant AG’s 1st transaction in Canada.
  • This is Clariant AG’s 1st transaction in Quebec.

M&A Deal Summary
Date 2023-10-30
Target Lucas Meyer Cosmetics
Sector Chemicals
Buyer(s) Clariant AG
Sellers(s) IFF
Deal Type Divestiture
Deal Value 810M USD

Target

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.

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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 10 of 11
Sector (Chemicals) 7 of 8
Type (Divestiture) 2 of 3
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Clariant - NORAM Land Oil Business

Muttenz, Switzerland

Clariant's NORAM Land Oil Business provides chemical technologies and services to the North American oil and gas industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 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.

Buy -

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 4 of 7
Sector (Chemicals) 3 of 6
Type (Divestiture) 4 of 6
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2023) 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 IFF - Flavor Specialty Ingredients Business

New York, New York, United States

IFF's Flavor Specialty Ingredients Business is a manufacturer of synthetic and natural base aroma chemicals used in the flavor market. IFF's Flavor Specialty Ingredients Business is based in New York City.

Sell $220M
FOLLOWING 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
Mergr

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