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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
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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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