Clariant acquire part Vivimed’s personal care products in India

Clariant to acquire part of Vivimed’s personal care products in India

6:53 AM, 30th September 2015
Clariant to acquire part of Vivimed’s personal care products in India
Dr Deepak Parikh, region president, India, Middle East and Africa, Clariant. (file photo)

MUMBAI, INDIA: Clariant AG said it intends to acquire part of Vivimed Labs Ltd’s personal care portfolio. The acquisition will enable Clariant India Ltd (a 100 percent subsidiary of Clariant Group) to strengthen its personal care portfolio within the industrial & consumer specialties (ICS) business unit, by offering a wider product portfolio within the sun, skin, hair and oral care range as well as anti-microbial preservatives. Financial details of the deal were not disclosed.

“We believe in the growth potential that India offers and are focussed on expanding our footprint in the region,” said Dr Deepak Parikh, region president, India, Middle East and Africa, Clariant.

“This marks an important step in our global strategy to enhance our offering in personal care and to boost our presence in Asia. The transaction will strengthen our portfolio with actives to formulate broader solutions such as sun protection in a strong growing market – India,” said Stephen Lynen, head ICS, Asia Pacific, Clariant.

“This acquisition will provide our customers with end-to-end solutions in sync with the current industry trends. The strong growth perspective of the personal care industry results in a bright future for the ICS business in India,” said R Kumaresan, head of BU ICS, India.

“This transaction will help us significantly improve our financial flexibility for future growth. We are confident that this transaction, once completed, will position Vivimed optimally to move to the next level of growth, across its speciality chemicals and pharmaceuticals businesses,” said SantoshVaralwar, MD & CEO, Vivimed Labs Ltd.

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