Specialty chemicals supplier Clariant has completed a transaction to acquire a 30 percent share in leading Brazilian natural and sustainable ingredients producer Beraca Ingredientes Naturais.
The two companies announced their intention to form a strategic partnership in January this year, although terms of the deal were not disclosed.
Beraca will remain an independently managed company, and continue to market its product portfolio of actives drawn from Brazil’s biodiversity.
“The new alliance now created between key players in the Personal Care sector will build a partnership to deliver environmentally compatible solutions, combining expertise on the sustainable use of biodiversity and state of the art formulation technology. Customers and end-consumers across the world will have access to a larger range of solutions. Besides meeting known demand for natural ingredients we see exciting opportunities to grow this business in geographies such as Africa and Asia,” said Christian Vang, Head of Industrial & Consumer Specialties at Clariant.
“This partnership with Clariant is a key step of Beraca’s sustainable growth and expansion plan. We forsee great innovation synergies that will culminate in creating more value to our main stakeholders, especially our customers and our partner sourcing communities. With this joint venture, Beraca envisions its sustainable development cause in an even broader and meaningful magnitude,” added Danial Sabará, CEO of Beraca.