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IFF Weighs Sale of $1 Billion Lucas Meyer Cosmetics Unit

  • IFF is working with an adviser on potential sale of unit
  • Business could attract interest from Croda, Givaudan, Symrise
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International Flavors & Fragrances Inc. is weighing a sale of a unit making ingredients for the cosmetics and personal care industry, people with knowledge of the matter said.

IFF is working with an adviser as it explores options for Lucas Meyer Cosmetics, which could be valued at about $1 billion, according to the people, who asked not to be identified discussing confidential information.