IFF-Lucas Meyer Cosmetics Invests in Bio ForeXtra to Expand Raw Material Access
July 18 2016 - 3:15PM
Business Wire
Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF)
(Euronext Paris: IFF), a leading innovator of sensory experiences
that move the world, announced that IFF-Lucas Meyer Cosmetics
(IFF-LMC), made a strategic investment in Bio ForeXtra, a Quebec
City, Canada-based R&D laboratory, highly specialized in the
development of active cosmetic and botanical extracts. The
investment would expand IFF-LMC’s access to raw materials for its
cosmetic actives business.
“This investment is aligned with our Vision 2020 business
strategy pillar of Strengthening and Expanding our Portfolio,” said
Andreas Fibig, IFF’s Chairman and CEO. “We can create
differentiation in the cosmetic actives business by providing
unique benefits to consumers, which is increasingly important in a
highly competitive market. We believe the access we will gain to
sustainably sourced extracts from the Boreal Forest of Canada will
provide us with a competitive edge.”
Lucas Meyer Cosmetics, acquired by IFF in 2015, is headquartered
in Quebec City, Canada, with operations
in France and Australia. The Company 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.
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext
Paris: IFF) is a leading innovator of sensorial experiences that
move the world. At the heart of our company, we are fueled by a
sense of discovery, constantly asking “what if?”. That passion for
exploration drives us to co-create unique products that consumers
taste, smell, or feel in fine fragrances and beauty, detergents and
household goods, as well as beloved foods and beverages. Our 6,700
team members globally take advantage of leading consumer insights,
research and development, creative expertise, and customer intimacy
to develop differentiated offerings for consumer products. Learn
more at www.iff.com, Twitter, Facebook, Instagram, and
LinkedIn.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160718006290/en/
International Flavors & Fragrances Inc.Michael DeVeau,
212-708-7164VP, Global Corporate Communications & Investor
RelationsMichael.deveau@iff.com
International Flavors an... (NYSE:IFF)
Historical Stock Chart
From Apr 2024 to May 2024
International Flavors an... (NYSE:IFF)
Historical Stock Chart
From May 2023 to May 2024