Evonik has acquired Novachem, an Argentinian sustainable cosmetic actives innovator, reinforcing a path to become the preferred sustainable specialties partner.
WHO: Argentinan Novachem, established in 2007, manufactures biotechnological, natural, and sustainable active ingredients for the cosmetics industry.
Evonik is one of the world leaders in specialty chemicals. The company is active in over 100 countries worldwide, with about 34,000 employees. Evonik goes far beyond chemistry to create innovative, profitable, and sustainable solutions for customers.
WHY: The acquisition of Novachem offers a strong, innovative portfolio of biotechnological, natural, and sustainable cosmetic active ingredients with scientifically proven claims that will boost Evonik’s portfolio of System Solutions. It is the next step in transforming Care Solutions into a leading actives provider, aiming to increase its share from 20 percent today to more than 50 percent by 2030.
IN THEIR OWN WORDS: “We are excited to welcome Novachem to our Evonik family. 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.
“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,” added Hendrik Schönfelder, Regional President Central & South America Region at Evonik.
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