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Novacap asserts its ambitions and invests in blockchain technology

Novacap, a Global player in pharmaceutical synthesis and advanced specialties, recently entered the cosmetics sector with the acquisition of several key players in the ingredients business. The company now wants to accelerate investments in this area, in particular Novacap by deploying blockchain technology in its botanical and biotech actives units.

As a first step, the blockchain technology will be deployed in the group’s botanical and biotech active business units.

As a first step, the blockchain technology will be deployed in the group’s botanical and biotech active business units.

Today established as the worldwide leader for salicylic acid, Novacap [1] has also an excellent position in other essential ingredients, such as methyl salicylate and sodium bicarbonate. The company now intends to leverage on its global leadership positions in pharmaceuticals to conquer the cosmetic market.

M&A strategy

For the last three years, Novacap has significantly broaden its cosmetic portfolio via several key acquisitions: Uetikon, in 2015, a German company specializing in tailor made synthesis of complex molecules for pharmaceutical and cosmetic industries, Chemoxy in 2017, a British company, specialized in custom processing, solvent recovery, environmentally friendly solvents, and specialty personal care ingredients such as emollient, preservative booster esters, and in 2017 too, ID bio, a French company specialized in classical or biotechnological extraction and purification of botanical substances, and PCAS, a company specializing in the development and manufacturing of complex molecules for life science industries.

This dynamic mergers and acquisitions strategy, completed by the group’s initial know-how in pharmaceutics and fine chemistry, now allows Novacap to offer a cutting-edge portfolio for the cosmetic market.

A comprehensive cosmetic offer

Functional Care

  • Essential ingredients such as Salicylic acid and Sodium Bicarbonate
  • Classical ingredients such as ChemoxyCare®8 (Caprylyl glycol), and ChemoxyCare®2EHG

Active Care

  • Active ingredients
    -Botanicals…

Services

  • Fine chemistry (new molecule synthesis, Biocatalysis, Protein engineering tool…)
  • Botanicals (customized plant extracts, active co-creation…)
  • Full service finished products…

Blockchain technology

In line with its strong ambition, Novacap has chosen to invest in the blockchain technology, which will be deployed first in the group’s botanical and biotech active business units by the end of 2018.

The first ambition is to guaranty the traceability of organic active ingredients, in compliance with Ecocert/Cosmos label, from raw material purchase to finished product shipment,” the company highlights.

V.G.

Footnotes

[1] Novacap operates 27 industrial sites and R&D units in Europe, Asia and America and posted EUR 900 million net sales in 2017. The company employs more than 3,000 people across the world.

© 2018 - Premium Beauty News - www.premiumbeautynews.com
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