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IFF Sells Cosmetic Ingredients Biz To Clariant For $810M

The divestiture is part of IFF's continuing portfolio optimization effort.

 
• By Eileen Francis

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.

Clariant
• Source: Shutterstock

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.

Expected to close in the fourth quarter subject to regulatory approvals and customary closing conditions, the firm agreed to pay $810m, equivalent to an enterprise

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