“Cognis has sold its Botanicals Extracts Business in order to streamline its portfolio in businesses which offer critical mass and bring competitive synergies in its key markets,” the company commented in a release.
The deal includes two production sites in Spain. Under the agreement, Cognis will continue production and distribution of certain botanical products for the cosmetics industry and will retain ownership of its Plantalin range, comprising of selective plant extracts designed for functional food and beverage applications. Burgundy Botanical Extracts will distribute the Plantalin range to the pharmaceuticals and dietary supplements industry in the European Union.
France-based Burgundy Botanical Extracts a fast growing company specialized in the extraction of botanical actives using solvent extraction. Burgundy is currently present in over 20 countries.