Lubrizol has announced the acquisition of Laboratoire Phenobio, a French supplier known for its innovative botanicals.
Lubrizol is set to benefit from Laboratoire Phenobio’s unique capabilities in subcritical water extraction of botanical biomass and energy-economic and eco-responsible technologies as it seeks to beef up its global sustainability efforts.
“Lubrizol continues to invest in innovative technologies to offer step change formulations for the personal care and life sciences markets,” said Deb Langer, Lubrizol Vice President and General manager of Personal, Home and Healthcare. “With this acquisition, Lubrizol customers will have access to novel botanical extracts compliant with Ecocert and Cosmos standards that meet the naturality and sustainability expectations end users are requiring on a global basis. Additionally, our preferred partners will have access to final formulations using this exciting new technology.”