NEW YORK--(BUSINESS WIRE)--Jul. 18, 2016--
Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris:
IFF), a leading innovator of sensory experiences that move the
world, announced that IFF-Lucas Meyer Cosmetics (IFF-LMC), made a
strategic investment in Bio
ForeXtra, a Quebec City, Canada-based R&D laboratory, highly
specialized in the development of active cosmetic and botanical
extracts. The investment would expand IFF-LMC’s access to raw materials
for its cosmetic actives business.
“This investment is aligned with our Vision 2020 business strategy
pillar of Strengthening and Expanding our Portfolio,” said Andreas
Fibig, IFF’s Chairman and CEO. “We can create differentiation in the
cosmetic actives business by providing unique benefits to consumers,
which is increasingly important in a highly competitive market. We
believe the access we will gain to sustainably sourced extracts from the
Boreal Forest of Canada will provide us with a competitive edge.”
Lucas Meyer Cosmetics, acquired by IFF in 2015, 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.
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF)
is a leading innovator of sensorial experiences that move the world. At
the heart of our company, we are fueled by a sense of discovery,
constantly asking “what if?”. That passion for exploration drives us to
co-create unique products that consumers taste, smell, or feel in fine
fragrances and beauty, detergents and household goods, as well as
beloved foods and beverages. Our 6,700 team members globally take
advantage of leading consumer insights, research and development,
creative expertise, and customer intimacy to develop differentiated
offerings for consumer products. Learn more at www.iff.com,
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and LinkedIn.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160718006290/en/
Source: International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
Michael DeVeau,
212-708-7164
VP, Global Corporate Communications & Investor
Relations
Michael.deveau@iff.com