In Germany, Evonik has acquired Novachem to enhance its sustainable cosmetic active ingredients portfolio. Based in Buenos Aires, Novachem develops biotechnological, natural, and sustainable active ingredients for skin and hair care applications. Since its inception in 2007, the company has applied science and technology to create innovative eco-certified actives from live microorganisms that meet the trends of the cosmetics market.
“Latin America is one of the most biodiverse regions in the world. The acquisition of Novachem will enable us to bring even more innovative and sustainable solutions to our customers in the personal care market,” said Hendrik Schönfelder, regional president Central & South America Region at Evonik.
Novachem and its 20 employees will be integrated into Evonik’s Care Solutions business line within the life sciences division Nutrition & Care.