In Germany, specialty chemical leader Evonik has acquired Switzerland plant extract producer Botanica for an undisclosed sun. Botanica will be integrated into the Care Solutions business line within Evonik’s life sciences division Nutrition & Care.
Founded in 2998, Botanica employs 43 people. Its portfolio includes over 1,000 different plants available for extraction.
“By drawing on Botanica’s plant know-how and extraction competence, Evonik will innovate a wide range of sustainable base extracts in order to strengthen its broad portfolio of actives. Evonik will lead the active ingredient market, of which 40-50% is botanicals,” Evonik says in a press statement. “Furthermore, Botanica’s highly customizable extracts will boost the portfolio of unique system solutions offered by the Care Solutions business line. The division Nutrition & Care aims to increase its share of system solutions from 20% today to more than 50% by 2030.”
The deal closely follows Evonik’s acquisitions of cosmetic delivery company Infinitec Activos earlier this year; innoHealth and Wilshire Technologies in 2020; and ALKION Biopharma in 2016.
Evonik expects to complete the Botanica transaction in November.