Lucas Meyer acquires portfolio from innoVactiv
Deal signals strategic move to promote growth
Lucas Meyer Cosmetics has acquired the cosmetic ingredients portfolio from innoVactiv Inc, which it has already been marketing worldwide.
Lucas Meyer now owns the intellectual property rights for active ingredients and is able to streamline procurement with more development flexibility. The deal supports Lucas Meyer’s growth strategy, which aims to speed up growth for its proprietary products and maintain scientific cosmetics development in the Quebec region.
Antonio Lara, vice president and general manager of Lucas Meyer, said: “We have been working closely with innoVactiv for many years and are pleased about this new deal. It will enable both of our companies to continue their respective growth. We want to thank our partner innoVactiv for its collaboration and contribution to developing high value-added ingredients, which have proven to be mutually beneficial for both companies and for the expansion of cosmetic expertise in Quebec.”
