Issue Date: March 20, 2017 | Web Date: March 16, 2017
Evonik to buy preservatives maker
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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