IFF-Lucas Meyer Cosmetics Acquires Speximo AB
September 17 2019 - 04:15PM
Business Wire
Regulatory News:
IFF (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF), a leading
innovator of scent, taste, and nutrition, and its affiliate,
IFF-Lucas Meyer Cosmetics (IFF-LMC), have announced and completed
the acquisition of Speximo AB, a Swedish technology company focused
developing next generation stabilization and encapsulation products
for use in the development of sustainable personal care and
cosmetic products with potential multiple commercial application
areas. Speximo’s patented technology was developed from research at
the prestigious Lund University in Sweden.
“It is critical that in our quest for innovation, we find
products and technologies that align with and support our purpose –
to redefine and transform how we live in and care for the resources
of our world,” said Nicolas Mirzayantz, IFF Scent Division CEO.
“With Speximo’s focus on sustainability, this acquisition fills
that need and helps us support our customers’ efforts and consumer
desire for products with a greener profile.”
Speximo’s unique technology platform supports the creation of
creams, powders and sprays used in personal care and cosmetics. The
technology also protects active ingredients and enhances texture.
Developed from quinoa grains, the technology is both natural and
sustainable. With sustainability top of mind in many markets
globally, Speximo’s unique technology strives to align with the UN
sustainable development goals (SDGs) and considers the ethical
aspects of raw materials, production, and consumption.
Antonio Lara, President & CEO, IFF-Lucas Meyer Cosmetics,
said, “Bringing Speximo’s highly regarded technologies and
intellectual property in-house will give IFF-LMC a competitive
advantage in the marketplace with their sustainable multifunctional
emulsifiers and texturing ingredients. Both are derived from nature
and biodegradable, allowing our customers to formulate
environmentally friendly transformative textures that can have a
great impact on the consumer experience. We look forward to
welcoming Speximo to the IFF family.”
Welcome to IFF
At IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), we’re using
Uncommon Sense to create what the world needs. As a collective of
unconventional thinkers and creators, we put science and artistry
to work to create unique and unexpected scents, tastes, experiences
and ingredients for the products our world craves. Learn more at
iff.com, Twitter , Facebook, Instagram, and LinkedIn.
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Michael DeVeau Head of Investor Relations and Communications
& Divisional CFO, Scent 212.708.7164 Michael.DeVeau@iff.com