NEWS
Evonik snaps up Argentina actives maker Novachem
Evonik has acquired Novachem, an Argentinian developer of cosmetic active ingredients based in Buenos Aires. Novachem, established in 2007
and employer of 20, develops biotechnological, natural, and sustainable active ingredients for skin and hair care applications. The German chemicals giant
said by leveraging Novachem’s innovation strategy, accessibility to biodiversity and strong skin and hair care portfolio, Evonik will boost its Systems Solutions portfolio in the Americas. “Latin America is one of the
most biodiverse regions in the world. The acquisition of Novachem will enable us to bring even more innovative and sustainable
solutions to our customers in the personal care market,” said Hendrik Schönfelder, regional president Central & South America Region at Evonik. By leveraging our
complementary knowhow and access to markets in the Americas and worldwide, we will be a step closer to achieving our goal of becoming the preferred sustainable specialties partner,” said Yann d’Hervé, head of Evonik’s Care Solutions business line. In a related development,
Evonik and Guangdong Marubi Biotechnology Co., Ltd. (Marubi) of China have entered into a cooperation agreement to support the development of the Chinese cosmetics industry.
The duo said local cosmetic
consumers will benefit from both companies’ complementary capabilities in raw materials, research, development and production. In addition, the two organizations
will exchange information on diverse topics including ingredient application and development, formulation, and studies on cosmetic market trends.
Croda concludes Solus Biotech purchase
Croda International has completed the acquisition of cosmetic actives producer Solus Biotech following unconditional approval from South Korean regulatory authorities. This follows the
announcement on 6 February that Croda had reached an agreement to acquire the Korean firm from Solus Advanced Materials for 350 billion Korean won ($263m). Solus, which employs 95
people at its R&D centre in Bundang near Seoul and its production centre in Iksan, is
a leading supplier of naturally derived powder ceramides. Solus will now expand Croda’s
Asian manufacturing capability and create a new biotechnology R&D hub in the region, working in synergy with Sederma’s R&D centre in Le Perray, France. The acquisition will also boost
Croda’s total offering across its personal care portfolio, with Solus’ phospholipids to be incorporated into Croda’s skin care and hair care franchises, sitting together across other leading formulation and product platforms. Our existing ceramides,
currently from Sederma, will be complemented by these natural fermentation-derived ceramides, furthering our portfolio of high efficacy science-based ingredients,” said Sederma global business director Luc Emprin. “We are pleased to add
Solus’ manufacturing site in South Korea to our operations, furthering our growth strategy for this key region. Innovation synergies between our different R&D labs will bring additional technical value and business opportunities for our customers all over the world,” he added.
CPL Aromas has acquired Global Fragrances Labs of Spain and their entire operations in El Prat de Llobregat, Barcelona.
SLI Chemicals has entered into an exclusive distribution partnership with Green Mountain Biotech in Germany and Austria for the latter’s dermocosmetic ingredients.
US speciality chemicals producer PQ Corp is to expand silica production at its facility in Pasuruan, Indonesia by mid-2024.
US chemicals distributor LBB Specialties is restructuring its go-to-market strategy through five industry verticals: Care, Food & Nutrition, Industrial Specialties, Life Sciences, and LBBS Canada.
US personal care ingredient maker Inolex has opened a commercial centre in Mumbai with a dedicated Indian market team led by regional business director Puja Agarwal.
Provital has established a North American subsidiary, Provital LLC, based in New Jersey.
Brenntag acquires Chinese distributor Shanghai Saifu
German personal care ingredient distributor Brenntag has acquired Shanghai Saifu Chemical Development Company (Saifu) for an undisclosed sum. Founded in 2005, Saifu
distributes personal care ingredients, coatings, emulsion polymerization, and cleaning chemicals and provides related solution services.
Saifu had an annual revenue of €71m ($78m) in 2022. The
www.personalcaremagazine.com
company currently has over 100 employees and serves more than 1,000 customers in the Greater China region, and has a dedicated
technology application centre with two laboratories. Brenntag Specialties chief
operating officer Michael Friede said: “Joining forces with Saifu in China is a significant step, expanding our global specialities footprint in the region and in the Asian personal care market, and strengthening our value-added services offering and innovation capabilities.”
Saifu managing director Yu Tao
added: “Our customers, suppliers, shareholders, and our employees will greatly benefit from becoming part of Brenntag, which is the largest chemical and ingredients distribution company in the world. “We are built on the principles
of value and responsibility, attributes which Brenntag stands for as well, and we hope to grow and continue to serve our customers and supply partners as part of the Brenntag family.”
September 2023 PERSONAL CARE NEWS IN BRIEF
UK-based speciality oils supplier Kerfoot is to transition fully to sister companyOleon’s brand name by April 2024.
Symrise has opened a Beauty & Home Care Centre of Expertise, a 300 square-metre R&D site in Clichy in the Paris suburbs.
Nordmann has extended its Germany and Austria distribution agreement with French cosmetic active ingredient manufacturer Sophim into Switzerland.
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