Lucas Meyer Cosmetics is set to purchase the porfolio of Biopharmacopae Design International's cosmetic ingredients and related IP rights from Avrio Capital, its Canada-based venture backer. The selling price remained undisclosed.
Lucas Meyer Cosmetics, a wholly owned business unit of Unipex Group, is a leading producer and developer of functional ingredients, innovative active ingredients and delivery systems for the personal care and cosmetics industry.
Quebec City-based Unipex Group, which has been owned by private equity company IK Investment Partners since 2012, specializes in the production and development of active ingredients and other chemical products.
The deal consolidates the position of Lucas Meyer Cosmetics in the botanical division of the industry, said Lucas Meyer Cosmetics vice-president and general manager Antonio Lara. He also added that Biopharmacopae's ingredients will be beneficial to the expansion of cosmetic expertise in Quebec.
This is Lucas Meyer Cosmetics' second acquisition in the botanical segment in 2013.
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