Clariant has successfully completed the acquisition of Lucas Meyer Cosmetics, a prominent player in the cosmetics ingredient market. This strategic move, valued at $810 million, underscores Clariant’s steadfast commitment to targeted growth.
Conrad Keijzer, CEO of Clariant, emphasizes the alignment of this acquisition with their innovation and sustainability objectives. Christian Vang, President of Clariant’s Care Chemicals Business Unit, regards the acquisition as a significant leap forward, meeting the burgeoning demand for natural, high-value ingredients.
The integration of Lucas Meyer Cosmetics enriches Clariant’s portfolio, particularly in the realm of active and functional cosmetic ingredients. Financially, the acquisition was facilitated through a senior loan and bridge financing, with no anticipated impact on Clariant’s credit rating.
Looking ahead, Clariant aims to maintain its financial robustness and expand its market presence. This acquisition solidifies Clariant’s position as a leader in offering high-value solutions for the personal care industry, driven by innovation and sustainability.