TAGS: Skin Care Hair Care Sustainability / Natural Cosmetics
Croda International Plc, the company that uses smart science to create high-performance ingredients and solutions that improve lives, has announced the completion of its acquisition of Solus Biotech, one of the global leaders in premium, biotechnology-derived beauty actives.
This latest acquisition by Croda will enhance the company’s current synthetic ceramides portfolio delivered by Sederma, drawing on Solus’ existing biotech-derived ceramide and phospholipid technologies.
Additional Technical Value and Business Opportunities
Located in South Korea, Solus will 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 center in LePerray, France.
Adding Solus’ exceptional knowledge and innovative ceramide portfolio significantly strengthens Croda’s beauty actives offering. Excitingly, this acquisition will also boost Croda’s total offering across its Personal Care portfolio, with Solus’ innovative phospholipids to be incorporated into
Croda’s skin care and
hair care franchises, sitting together across other leading formulation and product platforms.
Representing the Sederma business, the global business director Luc Emprin shares his enthusiasm, “
This is a very exciting opportunity for Croda. Our existing ceramides, currently from Sederma, will be complemented by these natural fermentation-derived ceramides, furthering our portfolio of high-efficacy science-based ingredients. 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.”
The strategic addition of Solus Biotech is in line with the company’s Purpose to use “Smart science to improve lives™” and supports the company’s ambition to be the most sustainable supplier of innovative ingredients.
Source: Croda
