International Specialty Products (ISP) and geniaLab BioTechnologie-Produkte and Dienstleistungen GmbH have signed two agreements. An alliance between the two has been made to develop and market products for the fabric care, personal care and home care markets using geniaLab's JetCutter technology and other similar technologies. In addition, ISP has acquired geniaLab's consumer products encapsulation business. Terms of the transaction have not been released.
According to an ISP press release, the alliance will allow the two companies to further the technology responsible for improving the effectiveness and performance of active ingredients in laundry detergents, fabric softeners, toothpaste, hard surface cleaners and shampoos.
"This acquisition and the alliance with geniaLab add an exciting business and technology to our encapsulated product portfolio, which includes products in our ISP Microcaps business," said Phil Strenger, sr. vice president of ISP.