Croda acquires biotech ceramide and phospholipid technologies to expand innovative offerings to customers
Croda International Plc, the company that uses smart science to create high-performance ingredients and solutions that improve lives, has announced the completion of its acquisition of Solus Biotech – a global leader in premium, biotechnology-derived beauty actives.
This latest acquisition by Croda will enhance the company’s current synthetic ceramides portfolio delivered by Sederma, drawing on Solus’ existing biotech-derived ceramide and phospholipid technologies.
Located in South Korea, Solus will expand Croda’s Asian manufacturing capability and create a new biotechnology R&D hub in the region, working in synergy with Sederma’s R&D center in LePerray, France.
Adding Solus’ exceptional knowledge and innovative ceramide portfolio significantly strengthens Croda’s beauty actives offering. Excitingly, this acquisition will also boost Croda’s total offering across its Personal Care portfolio, with Solus’ innovative phospholipids to be incorporated into Croda’s skin care and hair care franchises, sitting together across other leading formulation and product platforms.
Representing the Sederma business, the global business director Luc Emprin shares his enthusiasm, “This is a very exciting opportunity for Croda. Our existing ceramides, currently from Sederma, will be complemented by these natural fermentation-derived ceramides, furthering our portfolio of high efficacy science-based ingredients. We are pleased to add Solus’ manufacturing site in South Korea to our operations, furthering our growth strategy for this key region. Innovation synergies between our different R&D labs will bring additional technical value and business opportunities for our customers all over the world.”
The strategic addition of Solus Biotech is in line with the company’s Purpose to use “Smart science to improve lives™” and supports the company’s ambition to be the most sustainable supplier of innovative ingredients.
About Croda Personal Care:www.crodapersonalcare.com/en-gb Established in 1925, Croda is the name behind sustainable, high performance ingredients and technologies in some of the world’s most successful brands: creating, making and selling speciality chemicals that are relied on by industries and consumers everywhere. With Croda’s broad offering of heritage and innovative ingredients such as emulsifiers, emollients, inorganic UV filters, conditioning agents and more; to actives, fine chemistry and vegetal extraction from Sederma, the exclusive and specialised range of botanical extracts from Crodarom and Alban Muller and, fragrance expertise with the combination of Iberchem and Parfex; these synergistically combine to deliver to all product needs and the wishes of customers.