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October 3, 2016
By: TOM BRANNA
Chief Content Officer
Innospec Inc. will buy the European personal care and home care business of Huntsman Corp. Based in Belgium with manufacturing sites in France, Italy and Spain, the business employs approximately 430 people and has sales revenue of around $230 million. The transaction is expected to close early in the fourth quarter and would significantly expand Innospec’s product line for foaming surfactants for the rinse-off segment as well as bring complementary technologies for leave-on skin care and sun care, according to company executives. “Our renowned expertise and product development in sulfate-free surfactants has served us well as a growth strategy, however, we were always aware that in order to fulfill our vision to ‘take up more space in the bottle’ of cosmetics and toiletries we must meet a wider range of customer needs,” said Samantha Thistleton, marketing manager of Innospec Performance Chemicals. “This proposed acquisition would give us an excellent opportunity to strengthen our position in EMEA and to better serve our customers with a much broader portfolio for personal care and home care products.” Bruce McDonald, president of performance chemicals at Innospec, added, “The Huntsman business has a well-established presence in Europe and the range of technologies is very complementary to the existing Innospec range. Together, we would compete in a much larger part of the sector. With substantial assets in Europe from which to manufacture our existing and future products, the acquisition would form a springboard to continue Innospec’s successful development of innovative technologies.” In other company news, in the wake of the announcement that chelating agent EDTA will no longer be permitted for use in Whole Foods body care products as of Jan. 1, 2017, sources at Innospec confirm that its readily biodegradable chelating agent Natrlquest E30 (INCI: Trisodium ethylenediamine disuccinate) continues to be permitted for use in the Whole Foods body care segment. According to Innospec, this unique chelating agent is also effective as both a preservative potentiator and antioxidant in personal care formulations. More info: www.innospecinc.com
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