MOSCOW (MRC) -- Clariant, a world leader in specialty chemicals, and Beraca, a leading player in natural, sustainable and innovative ingredients, has announced a strategic alliance which comprises the intention to acquire a 30% share of Beraca’s Division Health and Personal Care by Clariant, with the possibility of major participation in the future, said the producer on its site.
The transaction will be subject to certain conditions precedent, as well as regulatory approvals.
Beraca is a leading provider of natural and organic certified ingredients sustainably drawn from Brazil’s biodiversity. The company is known and valued by customers worldwide as a reference for sustainable development due to its unique Sociobiodiversity Enhancement Program and full traceability of raw materials from Brazilian biomes, especially the Amazon Rainforest - the world's largest and most diverse rainforest. Beraca works closely with local communities and associations to ensure eco-sustainable standards and practices in its product sourcing and production.
Michael Willome, Head of BU Industrial & Consumer Specialties Clariant, comments: "The investment with Beraca will enhance Clariant’s innovation capabilities in the field of natural ingredients for cosmetics and Personal Care applications and enlarge the range of valuable solutions we offer to customers and end consumers. Both companies are looking forward to jointly developing the new Beraca for the good of our global and regional customers."
"Beraca is a key cornerstone in enhancing Clariant’s portfolio with regards to natural ingredients, biological active extracts and natural emollients, giving our customers unique and exclusive access to cherished ingredients from Brazil," adds Manlio Gallotti, Head of BU ICS Clariant Latin America.
Beraca will remain an independently managed company. Clariant and Beraca will keep their present global distribution channels and industrial operations.
As MRC reported before, in July 2014, CB&I and Clariant announced that their new Ziegler-Natta (ZN) polypropylene catalyst plant in Louisville, Kentucky, is on schedule to begin production in 2015. The plant is part of a long-term strategic partnership between Clariant’s catalysts business and CB&I’s Lummus Novolen Technology business. Based at Clariant’s largest US production hub, the new facility will combine innovative catalysts jointly developed by both companies with high-capacity output.
Clariant AG is a Swiss chemical company and a world leader in the production of specialty chemicals for the textile, printing, mining and metallurgical industries. It is engaged in processing crude oil products in pigments, plastics and paints.
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