Evonik acquires Swiss plant extract firm
Founded in 2998, Botanica employs 43 people. Its portfolio includes over 1,000 different plants available for extraction.
“By drawing on Botanica’s plant know-how and extraction competence, Evonik will innovate a wide range of sustainable base extracts in order to strengthen its broad portfolio of actives. Evonik will lead the active ingredient market, of which 40-50% is botanicals,” Evonik says in a press statement. “Furthermore, Botanica’s highly customizable extracts will boost the portfolio of unique system solutions offered by the Care Solutions business line. The division Nutrition & Care aims to increase its share of system solutions from 20% today to more than 50% by 2030.”
The deal closely follows Evonik’s acquisitions of cosmetic delivery company Infinitec Activos earlier this year; innoHealth and Wilshire Technologies in 2020; and ALKION Biopharma in 2016.
Evonik expects to complete the Botanica transaction in November.
Category: Chemicals & Materials