Volume 95 Issue 12 | p. 11 | News of The Week
Issue Date: March 20, 2017 | Web Date: March 16, 2017

Evonik to buy preservatives maker

Acquisition of Dr. Straetmans will add alternative preservatives to Evonik’s cosmetic ingredients portfolio
Department: Business
Keywords: consumer products, cosmetics, preservatives

Evonik Industries has reached a deal to acquire Dr. Straetmans GmbH, a pioneer in the development of alternatives to traditional cosmetic preservatives.

The acquisition, to be completed by the end of June, will expand Evonik’s portfolio beyond emulsifiers, conditioners, and active ingredients to include nontraditional preservatives. Consumers are increasingly shunning traditional products, which include parabens, methylisothiazolinone, and imidazolidinyl urea, because of toxicity and skin sensitization concerns.

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