IFF-Lucas Meyer Cosmetics Acquires Speximo AB

NEW YORK, N.Y., (September XX, 2019) – IFF (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF), a
leading innovator of scent, taste, and nutrition, and its af f iliate, IFF-Lucas Meyer Cosmetics (IFFLMC),
have announced and completed the acquisition of Speximo AB, a Swedish technology
company focused developing next generation stabilization and encapsulation products for use in
the development of sustainable personal care and cosmetic products w ith potential multiple
commercial application areas. Speximo’s patented technology w as developed f rom research at
the prestigious Lund University in Sweden.

“It is critical that in our quest for innovation, we find products and technologies that align with and
support our purpose – to redefine and transform how we live in and care for the resources of our
world,” said Nicolas Mirzayantz, IFF Scent Division CEO. “With Speximo’s focus on sustainability,
this acquisition f ills that need and helps us support our customers’ efforts and consumer desire for
products with a greener profile.”

Speximo’s unique technology platform supports the creation of creams, powders and sprays used
in personal care and cosmetics. The technology also protects active ingredients and enhances
texture. Developed from quinoa grains, the technology is both natural and sustainable. With
sustainability top of mind in many markets globally, Speximo’s unique technology strives to align
with the UN sustainable development goals (SDGs) and considers the ethical aspects of raw
materials, production, and consumption.

Antonio Lara, President & CEO, IFF-Lucas Meyer Cosmetics, said, “Bringing Speximo’s highly
regarded technologies and intellectual property in-house will give IFF-LMC a competitive
advantage in the marketplace with their sustainable multifunctional emulsifiers and texturing
ingredients. Both are derived from nature and biodegradable, allowing our customers to formulate
environmentally friendly transformative textures that can have a great impact on the consumer
experience. We look forward to welcoming Speximo to the IFF family.”


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