The Firm is representing Clariant AG (SIX: CLN), a sustainability-focused specialty chemical company headquartered in Switzerland, in connection with its agreement to acquire Lucas Meyer Cosmetics from International Flavors & Fragrances, Inc. (NYSE: IFF) for a total cash consideration of $810 million. IFF and Clariant expect to close the transaction in the first quarter of 2024, subject to applicable works council consultations and customary closing conditions, including regulatory clearances.
Lucas Meyer Cosmetics is a leading player in the high value active and functional cosmetics ingredients market and develops, manufactures and markets innovative ingredients for the cosmetic and personal care industry. Lucas Meyers Cosmetics operates global research and development and regional application centers.
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