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Beauty Industry, Mergers and Acquisitions

IFF Completes Divestiture of Cosmetic Ingredients Business

Clariant now owns IFF’s Cosmetic Ingredients business and will continue to deliver ingredients to the cosmetic and personal care product portfolio.

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By: Rachel Klemovitch

Assistant Editor

IFF has completed its previously announced divestiture of its Cosmetic Ingredients business to Clariant. As a part of Clariant, the business will continue to deliver innovative ingredients for the cosmetic and personal care product portfolio.
 
IFF CEO Erik Fyrwald said: 
“At IFF, our strategic transformation is focused on bringing leading innovation to best serve target customers in our core businesses. To do this, we are optimizing and streamlining our portfolio to drive simplification and focus. The sale of IFF’s Cosmetic Ingredients Business represents another significant step that will enable us to make more attractive strategic growth investments as we reduce our debt and interest costs.” 
 
The Lucas Meyers Cosmetics and IBR brands along with its six research and development and/or production sites now belong to Clariant. 

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