US-based cosmetics ingredients and industrial lubricants company INOLEX has signed an agreement to acquire ieS LABO, a French manufacturer of natural and organic plant and herbal extracts for the cosmetic industry.
INOLEX aims to use the partnership to apply its chemistry expertise in transforming natural vegetable materials into functional cosmetic ingredients.
David Plimpton, CEO of INOLEX, commented, “The leadership of ieS LABO, Pierre Cappanera and Maria-Paz Zuniga, have built a wonderful business focusing on the demands for health and wellness in the cosmetic market. Their products and philosophy are an ideal in match for INOLEX. We are excited to help them expand their presence, and to collaborate on new technologies.”