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Mergers & Acquisitions
Evonik buys the cosmetic active ingredient firm Novachem
by Craig Bettenhausen
July 9, 2023
| A version of this story appeared in
Volume 101, Issue 22
Evonik Industries has purchased the personal care chemical maker Novachem. Based in Buenos Aires, Novachem has a portfolio of active ingredients for skin and hair care products made from biobased feedstocks using biotechnology. Evonik will integrate its acquisition into its Nutrition and Care division. In a press release, Evonik cites Novachem’s access to customers in Latin America as well as its product line and technology as motivations for the deal.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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