IFF closes $392 mln purchase of PE-backed Lucas Meyer Cosmetics

International Flavors & Fragrances Inc (NYSE: IFF) has completed its acquisition of Lucas Meyer Cosmetics, a Québec City-based manufacturer of ingredients for the cosmetics and personal care industry. The deal was previously announced to value about €283 million ($392 million). The seller in the transaction was France’s Unipex Group Inc, which has been a portfolio company of European private equity firm IK Investment Partners since 2012. IFF, a developer of flavours and fragrances used in consumer products, has its headquarters in New York.

PRESS RELEASE

IFF Completes Acquisition of Lucas Meyer Cosmetics

July 30, 2015

NEW YORK–(BUSINESS WIRE)–Regulatory News:

International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF), a leading global creator of flavors and fragrances for consumer products, today announced that it has successfully completed the previously announced acquisition of Lucas Meyer Cosmetics, a business of Unipex Group.

Lucas Meyer Cosmetics is headquartered in Quebec City, Canada, with operations in France and Australia. The Company develops, manufactures and markets innovative ingredients for the cosmetics and personal care industry, offering proprietary active ingredients, functional ingredients and delivery systems that address health and wellness macro-trends in the beauty industry in both the developed and emerging markets.

About IFF

International Flavors & Fragrances Inc. (NYSE: IFF)(Euronext Paris: IFF) is a leading global creator of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, sweet goods and food products. IFF leverages its competitive advantages of consumer insight, research and development, creative expertise and customer intimacy to provide customers with innovative and differentiated product offerings. A member of the S&P 500 Index, IFF has more than 6,200 employees working in 32 countries worldwide. For more information, please visit our website at www.iff.com; follow us on Twitter and LinkedIn.

Contacts

International Flavors & Fragrances Inc.
Michael DeVeau, 212-708-7164
VP, Global Corporate Communications & Investor Relations
or
Denise Gillen, 212-515-7308
Manager, Fragrances Communications

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