Clariant to establish strategic alliance with Beraca getting 30% of its shares of Health & Personal Care Business
Clariant announced a strategic alliance which comprises the intention to acquire a 30% share of Beraca’s Division Health and personal care by Clariant, with the possibility of major participation in the future. The transaction will be subject to certain conditions precedent, as well as regulatory approvals.
Beraca is a provider of natural and organic certified ingredients sustainably drawn from Brazil’s biodiversity. The company is known and valued by customers worldwide as a reference for sustainable development due to its unique Sociobiodiversity Enhancement Program® and full traceability of raw materials from Brazilian biomes, especially the Amazon Rainforest. Beraca works closely with local communities and associations to ensure eco-sustainable standards and practices in its product sourcing and production.
Michael Willome, Head of BU Industrial & Consumer Specialties Clariant, comments: “The investment with Beraca will enhance Clariant’s innovation capabilities in the field of natural ingredients for cosmetics and Personal Care applications and enlarge the range of valuable solutions we offer to customers and end consumers. Both companies are looking forward to jointly developing the new Beraca for the good of our global and regional customers.”
Beraca will remain an independently managed company. Clariant and Beraca will keep their present global distribution channels and industrial operations.
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