Clariant has entered into an agreement with intent to acquire part of business
Swiss specialty chemicals company Clariant has announced that its Indian operation has entered into an agreement with an intent to acquire part of Indian specialty chemicals company Vivimed Labs’ personal care portfolio.
Through the acquisition it is hoped that Clariant will be able to offer a wider selection of products within the sun, skin, hair and oral care sectors, as well as anti-microbial preservatives.
Deepak Parikh, Region President, India, Middle East and Africa, Clariant, said: “The personal care industry in India offers us immense potential, supported by the growing middle-class consumer population and the rising disposable income. This strategic decision will be a significant step towards strengthening our product portfolio and thereby reinforcing Clariant’s long term commitment in the segment. We believe in the growth potential that India offers and are focussed on expanding our footprint in the region.”
Meanwhile, Stephen Lynen, Head ICS, Asia Pacific, Clariant, added: “This marks an important step in our global strategy to enhance our offering in personal care and to boost our presence in Asia. The transaction will strengthen our portfolio with actives to formulate broader solutions such as sun protection in a strong growing market – India.”
Clariant has not made any other cosmetics related acquisitions this year, although it has made a couple in other sectors. In 2011, Clarinet acquired German company Oberhausen Technology Center, which gave Clariant entry into advanced delivery systems for actives.