Hallstar, a US based specialty chemistry company, has acquired Montpellier-headquartered French bioactive ingredient supplier Oléos. The acquisition establishes a French innovation platform for Hallstar in the rapidly growing bioactives market.
Oléos’s proprietary oleo eco-extraction technology produces 100 percent natural, sustainable and clinically proven bioactive compounds for cosmetic applications including anti-aging qualities, dark spot diminishment and skin whitening.
“Oléos’s unique capabilities and technology will enhance Hallstar’s technology platform with patented, clinically proven natural active ingredients for beauty and personal care,” said John Paro, chairman, president and CEO of Hallstar. “As we grow our global footprint, the south of France puts us at the heart of cosmetic innovation. Further, with Oléos, we add a strong team and culture that fits the Hallstar brand.”
Oléos’s bioactives line promises to help Hallstar meet growing consumer demand for high-efficacy, all-natural products. “Simultaneously meeting these demands is a challenge, but Oléos has succeeded by eco-extracting active ingredients of high purity and yield - without the use of organic solvents and other pollutants - in a way that is ecologically sustainable,” explained Hallstar in a release.
“The south of France, with its access to plentiful natural resources and proximity to major customers, has been an ideal place to grow our business over the last seven years,” said Anne Rossignol-Castera, president of Oléos. “By joining the Hallstar team, we ensure that access to these natural resources for cosmetic brands can be provided, as bioactive ingredients, on a global scale.”
Eventually, Hallstar considers that Oléos’s deep expertise in lipids, vegetable oils and anti-oxidants will create new synergies with its own extensive knowledge in ester chemistry and naturally sourced ingredients.