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IFF-Lucas Meyer Cosmetics Acquires Sustainable Ingredients


Dec. 10 2018, Updated 11:15 a.m. ET

IFF-LMC to strengthen its product portfolio

On December 4, the subsidiary of International Flavors and Fragrances (IFF), IFF-Lucas Meyer Cosmetics announced that it acquired three personal care ingredients and intellectual property rights from Kemin Industries—an ingredient manufacturer of food and health-related products. Acquiring Lysofix, XFoliPEARL, and MicrCurb ingredients should strengthen the IFF-LMC product portfolio. However, International Flavors and Fragrances didn’t disclose the deal’s financial aspects.

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Antonio Lara, the president and CEO of IFF-Lucas Meyer Cosmetics, said, “Aligned with IFF and IFF-LMC’s commitment to sustainability and natural product offerings, I am thrilled to announce the addition of these key, responsibly sourced ingredients to our growing and increasingly diverse portfolio. Consumers are more aware than ever of the impact their choices have on the environment, so including these compelling active and functional products in our line is a win for our customers, consumers, and the planet.”

Stock performance

International Flavors and Fragrances stock fell 3.3% and closed at $137 for the week ending December 7. Despite the decline in the stock price, International Flavors and Fragrances traded marginally above its 100-day moving average price of $136.23. The company’s 100-day moving average price increased from $128.88 to the current level in the past three months, which indicates an upward trend in the stock.

On a year-to-date basis, International Flavors and Fragrances stock has declined 10.2%. Sensient Technologies (SXT) has declined 18.0%, while Clorox (CLX) and Estée Lauder (EL) have gained 9.2% and 7.8%, respectively.

Analysts expect International Flavors and Fragrances’ target price to be $149.90, which implies a return potential of 9.4% over the closing price on December 7.

Investors looking for indirect exposure to International Flavors and Fragrances could consider the Invesco S&P 500 Equal Weight Materials ETF (RTM), which invested 4.7% of its portfolio in the company as of December 7.


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