TAGS: Sustainability / Natural Cosmetics
Evonik has signed a purchase agreement to acquire the Swiss plant extract producer, Botanica. With its presence in Switzerland, France and Germany, Botanica is one of the European leaders in sustainable botanical extracts for the personal care industry. Botanica will be integrated into the Care Solutions business line within Evonik’s life sciences division Nutrition & Care.
Acquisitions to Transform Care Solutions
The acquisition of Botanica is the next logical step for the Care Solutions business line as it transforms into the leading actives partner for the personal care industry. Recent acquisitions include the cosmetic delivery company Infinitec Activos (2021), the biotech company innoHealth (2020), Wilshire Technologies (2020) and ALKION Biopharma (2016). By leveraging the synergies between these strong and complementary technology platforms, Evonik is enhancing its entire product portfolio, opening new markets, accelerating growth and creating significant value.
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Botanica’s outstanding track record in customization, in sustainable sourcing and production aligns perfectly with our goals to become the sustainable specialties partner,” said Yann d'Hervé, head of Evonik's Care Solutions business line.
Customizable Botanical System Solutions
By drawing on Botanica’s plant know-how and extraction competence, Evonik will innovate a wide range of sustainable base extracts in order to strengthen its broad portfolio of actives. Evonik will lead the active ingredient market, of which 40-50 percent is botanicals. Furthermore, Botanica’s highly customizable extracts will boost the portfolio of unique system solutions offered by the Care Solutions business line. The division Nutrition & Care aims to increase its share of system solutions from 20 percent today to more than 50 percent by 2030.
The sustainable and fair-trade practices underlying Botanica’s philosophy are renowned worldwide. This outstanding ethical profile matches the strategy of Nutrition & Care, which has made sustainability its guiding business principle.
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Finding a strong partner with a trusted sustainability record can be challenging. With Evonik we feel confident that Botanica can continue to operate according to our philosophy, while bringing our high-quality plant extracts to a wider customer base,” said Andreas Wälti, managing director of Botanica.
Source: Evonik