Lucas Meyer Cosmetics Acquires innoVactiv's Cosmetic Ingredient Portfolio
Lucas Meyer Cosmetics Acquires innoVactiv's Cosmetic Ingredients Portfolio
This acquisition will help Lucas Meyer Cosmetics consolidate its position in the industry and its R&D unit in Quebec.
Quebec, QC, April 11, 2012 - Lucas Meyer Cosmetics, the business unit of the Unipex Group and leader in the field of innovative active ingredients, functional ingredients, and delivery systems for the cosmetics industry, is acquiring the cosmetic ingredients portfolio from innoVactiv inc. that it has been marketing worldwide.
The two companies have been working together since 2005 developing many of the cosmetic active ingredients in Lucas Meyer Cosmetics' portfolio. With this acquisition, Lucas Meyer Cosmetics now owns the intellectual property rights for active ingredients it had already been commercializing can streamline procurement and has more developmental flexibility going forward. The operation is directly in line with the Lucas Meyer Cosmetics' growth strategy as it demonstrates a drive to speed up growth for its proprietary products as well as maintain and promote scientific cosmetics development in the Quebec region.
"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," says Antonio Lara, Vice-President and General Manager of Lucas Meyer Cosmetics. He adds, "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."
"This is a strategic move for innoVactiv that will give us the means to bolster and continue our growth primarily in the nutraceutical ingredient sector. Our work with Lucas Meyers Cosmetics was highly enriching and we are happy to have taken an active role in developing products that are now being sold worldwide," says Patrice Dionne, CEO of innoVactiv.
About Lucas Meyer Cosmetics
Lucas Meyer Cosmetics is the business unit of the Unipex Group that develops, manufactures and markets innovative ingredients for the cosmetics and personal care industry. We offer active ingredients, functional ingredients and delivery systems from a variety of sources. Our active ingredients are designed to maintain the body's natural reactions, strengthen its defenses against environmental aggressions, delay the signs of aging and address other modern-day cosmetic challenges. Our functional ingredients deliver unique texture, skin feel and optimal product performance. Our phospholipid-based delivery systems provide flexible vectors to increase the efficacy and stability of active ingredients. Our wide product range is complemented by a broad array of scientific, technical, marketing, formulation and regulatory support services. The formulation laboratory has been designed to unlock the full potential of each ingredient. Lucas Meyer Cosmetics' portfolio of ingredients is available worldwide through a network of distributors and professional agents in more than 50 countries in North America, Europe and Asia. The Lucas Meyer Cosmetics team is comprised of scientists and sales and marketing professionals located in Canada, France and the US. Also part of the Lucas Meyer Cosmetics family is IRIS, a subsidiary based in France specializing in cosmetovigilance and consumer testing.
Based in Rimouski, innoVactiv specializes in developing and marketing innovative speciality ingredients that are proven effective and risk-free through a stringent science-based process so it can provide new alternatives to maintain the health and improve the well-being of consumers. It has a diverse portfolio that includes InSea2TM, a unique dual-action nutraceutical that specifically regulate the absorption of starches and sugars in order to reduce the harmful health effects of sugar overconsumption. For more information on innoVactiv, please contact Patrice Dionne, CEO, at email@example.com or visit www.innovactiv.com.