Specialty chemicals company Evonik has inked a purchase agreement to acquire the Swiss plant extract producer Botanica.
WHO: Founded by the Wälti family in 1998, Botanica is a European leader in sustainable botanical extracts for the personal care industry with a presence in three European countries: Switzerland, France, and Germany. Botanica employs 43 people and has a portfolio of over 1,000 different plants available for extraction.
Evonik is one of the world leaders in specialty chemicals active in over 100 countries around the world. In fiscal 2020, the enterprise with more than 33,000 employees generated sales of €12.2 billion and an operating profit (adjusted EBITDA) of €1.91 billion.
WHY: By leveraging the synergies, Evonik plans to enhance its product portfolio, open new markets, accelerate growth, and create significant value.
IN THEIR OWN WORDS: Yann d'Hervé, head of Evonik's care solutions business line, said: "Botanica's outstanding track record in customization in sustainable sourcing and production aligns perfectly with our goals to become the sustainable specialties partner."
Andreas Wälti, Managing Director of Botanica, said: "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."
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