Novacap, a manufacturer and marketer of pharmaceutical and cosmetic ingredients, announced that it has acquired ID bio, a producer of natural ingredients for cosmetics, along with H2B, a manufacturer of fractionated blood products for in vitro diagnosis.
Novacap already serves the cosmetics industry with essential used as preservatives, UV filters, exfoliants and fragrances.
“The acquisition of ID bio by Novacap meets the group’s growth strategy which aims at supplying its clients with a wide range of active and functional ingredients and widening its cosmetic portfolio with natural products,” explained Pierre Luzeau, Novacap CEO.
Based in the centre of France, ID bio is specialised in enzymatic extraction and purification to develop innovative active ingredients and botanical extracts.
ID bio focuses on ethical and eco-friendly sourcing of raw materials to offer differentiated ingredients with controlled traceability.
“Novacap will support ID bio and H2B to accelerate their development leveraging the two companies’ market approaches and recognised expertise. The complementarities between our two groups open up outstanding prospects for the future”, said Jean-Pierre Picot, Founding President of ID bio.
In particular, ID bio and H2B will benefit from Novacap’s industrial and regulatory expertise and large client portfolio, with the aim to accelerate their growth.