Canada-based Lucas Meyer, which is a provider of innovative active and functional ingredients, said it had acquired both the portfolio of ingredients along with the intellectual rights from Canada-based venture capitalists Aviro Ventures, the parent company of Biopharmacopae Design International.
Biopharmacopae is located in Quebec City and has carved a name for itself as a specialist in the research and development of new cosmetic active ingredients and products that are derived from plant extracts.
"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.
Building on past research and develpment work
Lara went on to state that the collaboration the two companies has had in the past in research and development has already proved beneficial to the Lucas Meyer business, as well as expansion of cosmetics expertise in the Quebec region.
Lucas Meyer has been working with Biopharmacopae since 2010, and have jointly developed a number of highly advanced botanical cosmetic active ingredients.
Perhaps more importantly, the acquisition also gives the company access to an important pipeline of botanical active ingredients that will serve to reinforce Lucas Meyer’s future portfolio.
A new pipeline of botanical-based ingredients
“We are acquiring a complete pipeline of natural products for future product development in the field of botanical active ingredients. We also now own the IP of one product we co-developed with this company,” said Lucas Meyer marketing director, Isabelle Lacasse,Lucas Meyer marketing director in an interview with Cosmetics Design.
This is the second acquisition in the botanical actives category in 2013 for Lucas Meyer, having acquired Australian botanical ingredients specialist Southern Cross Botanicals back in April, and consolidates its position in this category, where the company remains open to the idea of further expansion.
“Lucas Meyers Cosmetics is always working on acquisitions to expand either geographically or acquire complementary product lines,” said Lacasse.