Evonik recently announced the completion of the acquisition of Novachem, an Argentinean innovator of sustainable cosmetic actives, adding its strengths to Evonik's portfolio of system solutions. This move represents a further strengthening of Evonik's presence in the development of sustainable cosmetic active ingredients.
1. Novachem Innovative Biotechnology
Focusing on innovative biotechnologies, Novachem is dedicated to the development of natural and sustainable cosmetic active ingredients with scientifically proven efficacy claims. Founded in 2007 and headquartered in Buenos Aires, Novachem is known for its patented Oleobiota botanical active ingredient.
Novachem develops natural and sustainable active ingredients for skin and hair care applications by employing biotechnology. Since its inception in 2007, the company has specialized in the scientific and technological extraction and production of innovative, eco-certified active ingredients from living microorganisms in line with cosmetic market trends.
2. Integration into Evonik's Care Chemicals business line
Novachem will be integrated into the Care Chemicals business line within Evonik's Nutritional and Consumer Chemicals business unit. Novachem's innovative strategy, focus on biodiversity and strong portfolio of skin and hair care products help to further enrich Evonik's systematized solutions and its transformation into a leading supplier of actives.
With sustainability, innovation and collaboration as core drivers of business development, the Evonik Care Chemicals business line, which is part of the Nutrition & Consumer Chemicals business unit, aims to increase the share of sales of systemized solutions from the current 20% to more than 50% by 2030. A systematic solution is a multifaceted system that is tailored to specific customer needs, encompassing a wide range of products, technologies and services, and often with proven sustainable advantages.
Latin America is one of the most biodiverse regions in the world. The acquisition of Novachem will help Evonik to offer more innovative and sustainable solutions to its customers in the personal care industry.
3. Evonik's Path to Sustainable Specialty Chemicals Acquisitions
The Evonik Care Chemicals business line is committed to becoming the sustainable specialty chemicals partner of choice for the personal care industry, and the acquisition of Novachem is an important step towards achieving this goal.
In recent years, Evonik has completed a number of acquisitions targeting the sustainable specialty chemicals market, including sustainable plant extracts producer Botanica (2021), cosmetic conduction technology company Infinitec Activos (2021), biotechnology company innoHealth (2020), Wilshire Technologies (2020) and ALKION Biopharma (2016).
With the strength of these technology platforms and the complementary nature of their technology areas, Evonik is leveraging synergies to further enhance its Care Chemicals portfolio, open up new markets, accelerate growth and create significant value.
