THE WHAT? Specialty chemicals company Clariant has increased its current 30 percent stake in Brazilian personal care company Beraca, purchasing the final 70 percent to take over full ownership.
THE DETAILS The agreement sees Clariant purchase the remaining amount from the founding Sabará family, with the purchase price not disclosed.
The deal will be subject to regulatory approvals and is expected to close in Q4, 2021.
THE WHY? One of the main manufacturers of natural ingredients for the personal care sector in Brazil, offering inter alia fats, oils and botanicals, Beraca is a leading company in the sustainability sector, which is said to fit in ‘perfectly’ to Clariant’s portfolio.
Christian Vang, Head of Business Unit Industrial & Consumer Specialties, says, “There is an increasing demand for ethically produced products on the world market, which we can meet even better with this acquisition.
“The excellent and highly creative team has written an extraordinary success story over the past five years, which we now want to continue and further develop under the Clariant umbrella.”