Lucas Meyer Cosmetics (Unipex group) has acquired the portfolio of cosmetic ingredients and related intellectual property rights of Biopharmacopae Design International, a Québec City headquartered company specialized in the research and development of new cosmetic active ingredients and products derived from plant extracts.
Actually, the two companies have been working together on new developments since 2010. With this acquisition, Lucas Meyer Cosmetics now owns Biophamacopae Design International’s intellectual property on cosmetic active ingredients that are already on the market and gains access to an important pipeline of unique botanical active ingredients.
"This new acquisition consolidates our position and expertise in the field of natural ingredients," said Antonio Lara, Vice-President and General Manager of Lucas Meyer Cosmetics.
This is the second acquisition in the botanical sector in 2013 for Lucas Meyer Cosmetics after Southern Cross Botanicals earlier this year. “This acquisition is in line with Lucas Meyer Cosmetics’s growth strategy as it demonstrates the drive to growth its proprietary products” the company states in a release.