Lucas Meyer Cosmetics Acquires Biopharmacopae Design International’s Portfolio of Cosmetic Ingredients from Avrio Ventures Limited Partnership.
This acquisition consolidates Lucas Meyer Cosmetics’ position in the botanical segment.
Lucas Meyer Cosmetics, a wholly owned subsidiary of Unipex Group, and leader in the field of innovative active ingredients, functional ingredients and delivery systems for the cosmetics industry, is acquiring the portfolio of cosmetic ingredients and related intellectual property rights of Biopharmacopae Design International from Avrio Ventures L.P. Located in Québec City, Biopharmacopea Design International is specialized in the research and development of new cosmetic active ingredients and products derived from plant extracts.
Lucas Meyer Cosmetics and Biopharmacopae Design International have been working together since 2010 developing sophisticated botanical cosmetic active ingredients. With this acquisition, Lucas Meyer Cosmetics now owns Biophamacopae Design International’s intellectual property on cosmetic active ingredients that are already on the market and gains access to an important pipeline of unique botanical active ingredients. This acquisition is in line with Lucas Meyer Cosmetics’s growth strategy as it demonstrates the drive to growth its proprietary products.
"This new acquisition consolidates our position and expertise in the field of natural ingredients. We want to thank our partner Biopharmacopae Design International for its collaboration and contribution to developing high value-added ingredients, which have proven to be beneficial for Lucas Meyer Cosmetics and for the expansion of cosmetic expertise in the Quebec region." said Antonio Lara, Vice-President and General Manager of Lucas Meyer Cosmetics.
This is the second acquisition in the botanical sector in 2013 for Lucas Meyer Cosmetics and confirms its position as a leader in the cosmetic and personal care industry, providing customers with unique, innovative, ethical and sustainable ingredients that offer outstanding consumer benefits.
