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.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


New routes to the sustainable manufacturing of chemicals

MANCHESTER, UK: University of Manchester researchers have developed a novel bio catalytic system that potentially allows for the efficient and environ ...

Read more
Teijin to collaborate with biopharma firm for peptide R&D

TOKYO, JAPAN: Teijin Pharma Ltd, the core company of the Teijin group’s medical and pharmaceutical business, said it has agreed with PeptiDreamI ...

Read more
Fluor bags Sasol’s project in South Africa

IRVING, US/JOHANNESBURG, SOUTH AFRICA: Fluor Corporation said that it has signed a three-year agreement with Sasol Group Technology to perform a range ...

Read more
Asahi Kasei to expand production for lithium-ion battery separators

TOKYO, JAPAN: Asahi Kasei Corp said it will expand production capacity for the Hipore lineup, the group’s lithium-ion battery (LIB) separator pr ...

Read more
Mars shows signs of flowing salt water, says NASA

NEW YORK, US: Trickles of salt water may flow freely along ravines on Mars despite the planet’s extreme aridity, deep cold and tenuous atmospher ...

Read more
Self-assembling material could lead to artificial arteries

LONDON, UK: The study, which will appear in the journal Nature Chemistry, describes how peptides and proteins can be used to create materials that exh ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X