Swiss specialty chemical company Clariant AG will position itself as a leader in the high-value cosmetic ingredients space and expand its footprint in North America with its planned purchase of International Flavors & Fragrances, Inc.’s cosmetic ingredients business.
IFF Sells Cosmetic Ingredients Biz To Clariant For $810M
The divestiture is part of IFF's continuing portfolio optimization effort.
Clariant believes it can grow International Flavors & Fragrances’ cosmetic ingredients business, principally Lucas Meyer active ingredients, functional ingredients and delivery systems, from $100m in sales annually to $180m by 2028. IFF will use proceeds from that and other recent divestures to pay down debt.
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