Clariant explains strategy behind Lucas Meyer acquisition

As previously reported in CosmeticsDesign​, Swiss multinational specialty chemicals company has entered into an acquisition agreement with Canadian company Lucas Meyer Cosmetics, which is currently the business unit of parent company International Flavors & Fragrances, Inc. The proposal, which “is subject to customary closing conditions, is expected to close in the first quarter of 2024​,” is a strong indicator of anticipated growth for both companies in the next business quarter and beyond, shared Dr. Jochen Dubiel, Head of Corporate Communications at Clariant.

CosmeticsDesign spoke to Dr. Dubiel to learn more about the strategy behind the acquisition transaction between Clariant and Lucas Meyer, the plans for Lucas Meyer once the company joins Clariant’s portfolio, and projections for future expansion of the Lucas Meyer business.

Acquisition strategy

The proposed Lucas Meyer Cosmetics acquisition is an integral part of Clariant’s larger strategic plans for continued growth, further expansion, and to better serve manufacturers of cosmetics and personal care products. As shared by Dr. Dubiel, Clariant’s “purpose-led growth strategy is to transform its portfolio towards high-growth, high-margin and highly cash generative specialty chemicals businesses and consumer end-markets underpinned by accelerating demand for sustainable products​.”

Further, he added, the transaction will “strengthen Clariant’s position as a true specialty chemical company pursuant to its purpose-led growth strategy to increase customer focus, drive innovation, lead in sustainability and enhance people engagement​” by increasing its potential to better meet growing industry demand for effective, purpose-based ingredients for product formulation.

Source link

About The Author

Scroll to Top