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Sabinsa Group, a wholly owned subsidiary of Sami Labs Ltd., announced a marketing partnership with Goldschmidt Personal Care, a wholly-owned subsidiary of Degussa GmbH. Under the agreement, Goldschmidt will distribute select specialized, standardized botanical extracts for Sabinsa. All of the extracts, according to Sabinsa, will be for formulation into cosmeceuticals. The agreement reportedly will allow Sabinsa to access Goldschmidt's large customer base in order to expand the use of its active ingredients.
"This agreement essentially allows us to offer novel nature-derived active ingredients to our broad customer base and reinforce our position as a preferred partner for the development of innovative products and new applications," said Wily Klipp, senior vice president and general manager of Goldschmidt Personal Care in a company press release.
Initial products developed through the partnership are expected in the second half of 2007.