Clariant, a world leader in specialty chemicals, closed its transaction to acquire a 30% share of Beraca’s health & personal care division.
The two companies announced their intention to form a strategic partnership in January 2015. The alliance will deliver new and sustainable solutions for the global personal care industry.
“Customers and end-consumers across the world will have access to a larger range of solutions,” said Christian Vang, head of the business unit industrial & consumer specialties at Clariant. “Besides meeting known demand for natural ingredients, we see exciting opportunities to grow this business in geographies such as Africa and Asia.”
Beraca is a leading provider of natural and organic certified ingredients sustainably drawn from Brazil’s biodiversity. The company will remain an independently managed company. It will continue to market its worldwide-known product portfolio of active performance systems, fixed and essential oils, clays and butters sustainably harvested from Brazilian biomes.
“This partnership with Clariant is a key step of Beraca’s sustainable growth and expansion plan,” said Daniel Sabará, CEO of Beraca. “We foresee great innovation synergies that will culminate in creating more value to our main stakeholders, especially our customers and our partner sourcing communities.”
Financial details of the acquisition are not being disclosed.