NEWS


Symrise increases shareholding in Kobo Products to 49%


German cosmetic ingredients maker Symrise has increased its shareholding in US pigment and powder specialist Kobo Products to 49%. Symrise, which took an initial


25% stake in the New Jersey-based firm in 2021, said the transaction creates further opportunities for both companies in the fields of mineral UV filters and decorative cosmetics. Kobo customers will also


benefit from expanded capacities


and global supply chains, it added. “Kobo Products is the perfect


partner for our activities in the field of inorganic sunscreen filters and colour solutions for decorative cosmetics,” said Dr Jörn Andreas, the executive board member responsible for the Symrise Scent & Care business unit. “The corporate cultures of Kobo


and Symrise also harmonize on all levels. For all these reasons, we feel very happy about this second investment and the expression of our


confidence in Kobo that it makes.” The expanded partnership with


Kobo includes an agreement on the future disposition of shares of Kobo´s capital stock and the governance of Kobo. The funds raised in this


transaction are to be used to expand capacity and enhance the supply chain to continue its growth trajectory and further optimize its business operations. Financial details were not


disclosed. TRI-K hands top job to Rusmir Niksic


Rusmir Niksic has taken over the reins at US personal care ingredients maker TRI-K Industries. The new president and CEO


was formerly North America senior vice-president at Croda, where he was responsible for the consumer care and life sciences businesses. Prior to that, Niksic, who


has over 25 years of experience in the industry, held multiple general management and strategy roles at Clariant. New Jersey-based TRI-K said the appointment follows a thorough CEO search process conducted by its board over the past few months. The objective was to appoint


a growth-minded leader with extensive experience in the consumer care industry “capable of strengthening the culture of


growth and innovation to propel TRI-K into a leading, global ingredients supplier to the personal care industry in the years ahead”. “Looking ahead, TRI-K


Industries sees significant growth opportunities on the horizon. With Rusmir’s global experience, passion for transformative change, sustainability, and the ability to inspire both customers and teams, he is primed to lead TRI-K in positioning itself at the forefront of


the industry.” said TRI-K board members Geera Ramakrishnan and Uday Kamat. Niksic, who has also joined


the TRI-K board, said: “I am privileged to join TRI-K to lead the business into its next phase of growth and development. Alongside the culture of excellence and innovation that already exists, I am energized by the opportunity to unleash the full potential and talent of the TRI-K team.


“With the emphasis on


sustainable innovation and customers’ needs – we will create growth opportunities for our people and value for all stakeholders. I look forward to working with the TRI-K board as well as the parent company Galaxy Surfactants Limited on turning our growth aspirations into reality,” he added.


Kensing acquires Argentina naturals


outfit AOM US speciality chemicals producer Kensing has acquired Buenos Aires, Argentina-based natural ingredients maker Advanced Organic Materials (AOM). AOM is a producer of non-


GMO plant-based Vitamin E and phytosterols derived from sunflower and rapeseed. Kensing said the acquisition


expands its natural vitamin E and phytosterols product offerings. “The acquisition of AOM


enhances our range of non- GMO plant-based ingredients, strengthens our access to new sources of diversified natural raw materials and opens up new end markets,” stated CEO Serge Rogasik. AOM operates facilities in


Valencia, Spain and Buenos Aires serving more than 34 countries.


L’Oréal invests in China biotech firm Shinehigh Innovation


L’Oréal has made a minority investment in Chinese biotechnology firm Shinehigh Innovation, which the French beauty giant says will help unlock the full potential of raw materials in cosmetics. Shinehigh Innovation is a


start-up created in 2017 by leading scientist Professor Jiaheng Zhang that specializes in supramolecular chemistry.


www.personalcaremagazine.com L’Oréal says its breakthrough


smart self-assembling technology allows “previously impossible” ingredient combinations, resulting in cosmetic end-products with greater efficacy and sustainability. The partnership, it adds, will


help to overcome known limitations such as incompatibility, instability and delivery, to develop innovative skin, hair and scalp formulations with a wider range of benefits.


“This partnership will enable


us, thanks to their world-leading application of supramolecular technology in the beauty industry, to bring breakthrough new performances to the beauty market,” said Barbara Lavernos, deputy chief executive of L’Oréal Groupe in charge of Research, Innovation and Technology. Zhang added: “We have


jointly conducted research on the


supramolecular development of multiple active raw materials in the fields of skincare, makeup, hair care, and hair coloration. The investment is L’Oréal’s


first in China through Shanghai Meicifang Investment Co., Ltd (Meicifang), with the support from BOLD (Business Opportunities for L’Oréal Development), L’Oréal Groupe’s strategic innovation venture capital fund company.


November 2023 PERSONAL CARE


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