The Germany-based, specialty chemicals company, Evonik, has announced the acquisition of US-based Air Products specialty additives business.
The newly acquired company brings with it encapsulation technologies for active cosmetic ingredients and multifunctional polymers. It also uses a range of membrane-forming lipids which allows the active ingredients to be packed into tiny vesicles and serves as protective transport aids.
Michael Sacher, of Evonik’s personal care delivery systems, states, “They enable us to deliver active ingredients specifically to the desired action site in the skin to improve the bioavailability of active ingredients and modulate their release. That also has additional positive effects, such as the stabilization of sensitive cosmetic ingredients”
Dr. Tammo Boinowitz, head of Evonik’s personal care business line, said, “We are adding interesting products to our actives and polymer portfolio for the cosmetics industry along with a highly attractive formulation technology.”
The company states that due to the addition of these polymers, it plans to expand into the field of hairstyling.
The purchase of the performance materials division went for $3.8 billion (around €3.5 billion). Evonik intends to pay €1.6 billion out of its own fund and the other €1.9 billion will be financed by bonds with a nominal value.