Clariant closes strategic alliance with Beraca acquiring 30% of its shares in Health Personal Care Division
- Strategic alliance will deliver new and sustainable solutions for the global Personal Care industry
- Beraca is a leading provider of natural and organic certified ingredients sustainably drawn from Brazil's biodiversity
The two companies announced their intention to form a strategic partnership in January 2015. The deal was completed today and includes the possibility of major participation by Clariant in the future.
Beraca, prior to the partial acquisition by Clariant a family-owned business, will remain an independently managed company. It will continue to market its world-wide known product portfolio of active performance systems, fixed and essential oils, clays and butters sustainably harvested from Brazilian biomes.
Christian Vang, Head of Business Unit Industrial & Consumer Specialties at Clariant, commented: "The alliance now created between key players in the Personal Care sector will build a partnership to deliver environmentally-compatible solutions, combining expertise on the sustainable use of biodiversity and state of the art formulation technology. Customers and end-consumers across the world will have access to a larger range of solutions. Besides meeting known demand for natural ingredients we see exciting opportunities to grow this business in geographies such as Africa and Asia."
"This partnership with Clariant is a key step of Beraca's sustainable growth and expansion plan. We foresee great innovation synergies that will culminate in creating more value to our main stakeholders, especially our customers and our partner sourcing communities. With this joint-venture, Beraca envisions its sustainable development cause in an even broader and meaningful magnitude", added Daniel Sabará, CEO of Beraca.
