Omya, a leading global distributor and manufacturer of specialty ingredients acquires Formulae Development, a natural formulation specialist.
WHO: Founded in 2005, Formulae Development is known for expertise in a wide spectrum of personal care products including skincare, haircare and OTC natural formulations.
Founded in 1884 in Switzerland, Omya is a global producer of specialty ingredients and minerals, mainly derived from calcium carbonate and dolomite. The company provides product solutions for industries such as Personal Care, Pharmaceuticals, Food, Home Care, Agriculture and Forestry, Construction, Printing & Writing, Technical Polymers, Packaging, Water, and Energy. Omya has a global presence extending to more than 175 locations in over 50 countries with over 8,000 employees.
WHY: The transaction allows Omya to focus on trending solutions and expand research and development in the Americas.
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