IFF-Lucas Meyer invests in Canada's Bio ForeXtra

Published: 22-Jul-2016 Featured companies: IFF
Ingredients Finance

The investment gives IFF-LM access to extracts from the Boreal Forest

IFF-Lucas Meyer Cosmetics has invested in Bio ForeXtra, a Canadian R&D laboratory that develops active cosmetic and botanical extracts.

The investment allows IFF-Lucas Meyer to expand its access to raw materials for its cosmetic actives business. Andreas Fibig, IFF’s Chairman and CEO, explained that the move was in line with the company's Vision 2020 business strategy pillar of strengthening and expanding its portfolio.

"We believe the access we will gain to sustainably-sourced extracts from the Boreal Forest of Canada will provide us with a competitive edge,” he said.

Lucas Meyer was acquired by IFF in 2015.

Featured companies

At IFF (NYSE: IFF), an industry leader in food, beverage, health, biosciences and scent, science and creativity meet to create essential solutions for a better world –from...
See more

You may also like

Ingredients

IFF goes beyond traditional tradeshow format with immersive experience

Read more
Visit IFF at in-cosmetics Global 2024, booth 1N140

Trending Articles

  1. L’Oréal USA promotes Silvia Galfo to President of Luxe Division Galfo, previously Chief Growth Officer of the beauty group’s US subsidiary, will replace Megan Grant
  2. LVMH’s revenue dips despite ‘remarkable growth’ from Sephora The giant’s Selective Retailing and Perfumes & Cosmetics divisions delivered strong sales despite the ‘uncertain’ economic climate
  3. L'Occitane fends off lawsuit over online privacy violations Law firm Zimmerman Reed and 3,144 customers claimed that the company's website tracking tools violated consumer privacy
  4. Give Back Beauty lands Mercedes-Benz fragrance licence deal The group will now create, produce and distribute Mercedes-Benz fragrances after acquiring the automotive brand’s licence owner INCC Parfums
  5. You need to be a subscriber to read this article.
    Click here to find out more.
    Why marshmallow is an anti-pollution hero The herbal medicine is a favourite for anti-pollution skin care and hair care, as Belinda Carli, Director at the Institute of Personal Care Science, writes

Relevant companies

See more

Upcoming event

CCE Safety Assessment Module 3, Toxicology 2

23 April 2024 | Virtual See all

You may also like

Ingredients

IFF goes beyond traditional tradeshow format with immersive experience

Visit IFF at in-cosmetics Global 2024, booth 1N140
Ingredients

IFF to reveal trends that shape the beauty and personal care industry at in-cosmetics Global 2024

Visitors will experience the latest innovative concepts showcased through a unique, multi-sensory presentation
You need to be a subscriber to read this article.
Click here to find out more.
Ingredients

How biotechnology can help develop high-performance conditioning polymers

IFF’s Alexandra Schuler discusses the consumer-centric journey to develop IFF’s Aurist AGC
You need to be a subscriber to read this article.
Click here to find out more.
Ingredients

Meet the ingredients taking hair care to the next level

From vegan ‘keratin’ ingredients to novel scalp saviours, here are the ingredients behind your future hair care hits
You need to be a subscriber to read this article.
Click here to find out more.
Ingredients

Intimate care is evolving, so here are the new opportunities to tap into

With the intimate care category growing in sophistication, IFF reveals how brands can use microbiome claims, textural improvements and supplementation to appeal to the ever more discerning consumer
Ingredients

Lawsuits mount against Givaudan, Firmenich, IFF and Symrise amid fragrance antitrust investigation

Texan business Crimson Candle Supplies leads US-based scented products companies in the latest class action filed against the fragrance giants
Ingredients

Ingredients innovation: This year's top launches

Each month, Cosmetics Business curates a round-up of the best cosmetic ingredient launches – here is our pick of the top new ingredients from the past 12 months
Subscribe now