TAGS: Skin Care Hair Care Decorative Cosmetic Sustainability / Natural Cosmetics
Syensqo announced that it has completed the acquisition of JinYoung Bio, a supplier of specialty cosmetic ingredients based in South Korea.
This investment is an important step in expanding Syensqo's portfolio towards more natural and high-value specialty skin care solutions with both functional and active ingredients.
Sustainable Solutions Leveraging the Power of Biotechnology
The addition of JinYoung Bio’s technology will extend Syensqo’s product portfolio into biomimetic ceramides for
skin care and
hair care applications, as well as a range of biobased functional ingredients used in skin care and
color cosmetic applications. Ceramides, the flagship product line within JinYoung Bio’s portfolio, are produced through biotechnology via a fermentation process, which aligns with the focus of Syensqo’s Renewable Materials and Biotechnology Growth Platform.
"This acquisition reflects our deep commitment to innovation and our focus on sustainable solutions leveraging the power of biotechnology. We are dedicated to making a meaningful impact in the beauty industry, addressing critical environmental and societal challenges with groundbreaking circular solutions," said Ilham Kadri, CEO of Syensqo.
“Our aim is to provide our customers with advanced skin care solutions that harness the natural power of specialty ingredients like ceramides. This investment puts Syensqo at the forefront of leveraging the dynamic nature of ceramides, a hero ingredient in cosmetic products including the fast-growing dermocosmetics,” said Michael Radossich, president of the Consumer and Resources Division at Syensqo.
Syensqo’s beauty care business aims to grow JinYoung Bio’s commercial and technical capabilities through its customer access, formulation and application expertise, and marketing capabilities. The company plans to launch its first product from the ceramides line and four functional ingredients in Q2 2024 at Suppliers’ Day in New York, supporting the aim of Syensqo’s Home & Beauty Care business to grow twice as fast as the market.
Source: Syensqo
