Bio-based portfolio expanded
This major portfolio expansion follows the acquisition of Wilshire Technologies Inc. earlier this year. It supports the ongoing transformation of the company ’s growth division, Nutrition & Care, towards its key driver: sustainability. The new bio-based active ingredients of the care solutions business line help customers to generate distinctive sustainability outcomes.
Four strategic aqcuisitions
In addition to Wilshire, the compay has made four other strategic acquisitions relating to its care solutions business line since 2016 including Air Products and Dr. Straetmans. To further help customers generate distinctive sustainability outcomes, the comapy expects to add other unique active ingredients, intermediates, preservatives and derivatives into its portfolio for cosmetic and personal care applications over the coming year.
“We are rapidly expanding our portfolio to meet growing market demand for bio-based ingredients that can enhance the sustainability, functionality and consumer appeal of cosmetic and personal care products,” said Ricardo Willemann, Vice-President of Active Ingredients at Evonik. “The integration of these new technology platforms and line extensions will further consolidate our position as one of the world’s leading and most trusted suppliers of active ingredients, formulation development and bioanalytical services.”
New active ingredients now part of portfolio
New platforms of cholesterol specialties and mild, moisture-retaining alpha hydroxy acids, plus a range of peptides, plant extracts and a natural hyaluronic acid, are now available within the active ingredients portfolio of Evonik. These high-quality active ingredients are designed for use across a range of application areas such as premium skin care, advanced cleansers and hair care:
- Alpha hydroxy acids with milder effects and greater humectant properties to retain moisture
- Natural hyaluronic acid specialties with excellent moisturization and water retention properties
- Cholesterol specialties with a high purity
- Peptides to boost the skin and hair matrix
- Plant extracts with highly enriched component materials
‘Cosmetic Solutions’ is one of the six innovation growth fields that are helping to drive the company’s future growth. Many of the core competencies that enable these innovation outcomes for cosmetic applications, as well as other growth fields including healthcare, advanced food ingredients, additive manufacturing and sustainable nutrition, reside within the Nutrition & Care division of the company.