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Evonik acquires Novachem to boost sustainable cosmetic actives portfolio

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Evonik has acquired Argentinian provider of sustainable beauty actives Novachem. Signing and shutting came about on 30 June 2023, topic to official approval by the authorities.

Novachem gives a robust, progressive portfolio of biotechnological, pure and sustainable beauty energetic substances with scientifically confirmed claims that may increase Evonik’s portfolio of System Options. The corporate relies in Buenos Aires in Argentina and has 20 workers.

Novachem might be built-in into Evonik’s Care Options enterprise line. By leveraging Novachem’s innovation technique, accessibility to biodiversity and robust pores and skin and hair care portfolio, Evonik will increase its Techniques Options portfolio and take an additional step within the transformation of the Care Options enterprise in direction of turning into a number one beauty energetic substances supplier.

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,” mentioned Yann d’Hervé, head ofEvonik’s Care Options enterprise 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 Area at Evonik.

Since its inception in 2007, Novachem develops biotechnological, pure, and sustainable energetic substances for pores and skin and hair care purposes from reside microorganisms.

The acquisition of Novachem is the following step for Evonik’s Care Options enterprise line. Latest acquisitions embody the sustainable botanicals pioneer Botanica (2021), the beauty supply firm Infinitec Activos (2021), the biotech firm innoHealth (2020), Wilshire Applied sciences (2020) and Alkion Biopharma (2016).

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