Evonik has signed a purchase agreement to acquire the Swiss plant extract producer Botanica, with closing expected in November. With its presence in Switzerland, France and Germany, Botanica is a European leader in sustainable botanical extracts for the personal care industry with renown sustainable and fair-trade practices. Botanica will be integrated into the Care Solutions business line within Evonik’s life sciences division Nutrition & Care.
The acquisition of Botanica is the next step for the company’s Care Solutions business line as it transforms into the leading actives partner for the personal care industry. Recent acquisitions include the cosmetic delivery systems company Infinitec Activos (2021), the biotech company innoHealth (2020), Wilshire Technologies (2020) and Alkion Biopharma (2016). “By leveraging the synergies between these strong and complementary technology platforms, Evonik is enhancing its entire product portfolio, opening new markets, accelerating growth and creating significant value,” commented the group in a statement.
Evonik highlighted Botanica’s plant know-how and extraction competence will help them innovate and strengthen their portfolio of actives. “Botanica’s outstanding track record in customization, in sustainable sourcing and production aligns perfectly with our goals to become the sustainable specialties partner,” explained Yann d’Hervé, head of Evonik’s Care Solutions business line.