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Business
Two companies buy into personal care
by Marc S. Reisch
April 18, 2016
| A version of this story appeared in
Volume 94, Issue 16
Specialty chemical makers Evonik Industries and Clariant are expanding their cosmetic active ingredient portfolios. Evonik has purchased Alkion Biopharma, an Imperial College London spin-off now located in Évry, France. Alkion obtains extracts from plant biomass cultivated in a lab. Clariant signed an agreement to acquire a 17% stake in BioSpectrum of South Korea. The family-owned firm makes cosmetic ingredients based on renewable raw materials.
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