Page 14 - HPIC-Magazine (Feb-2021)

News from Abroad

CONSOLIDATION
Ashland to acquire personal care business of

Schülke & Mayr

American chemicals firm, Ash- (Schülke), France (Bioxal) and Brazil The move also advances Ash-
land, has agreed to acquire the per- (Vic Pharma). land’s environmental, social and
sonal care business from Germany- Ashland said the acquisition is governance (ESG) agenda for person-
based Schülke & Mayr GmbH, a consistent with its strategic position- al care and household applications.
portfolio company of the global in- ing as a “premier speciality additives
vestment firm, EQT. Under the terms supplier” and would expand its bio- “As we continue our transforma-
of the agreement, Ashland will pay technology and microbiology techni- tion, we are focused on innovations
262.5-mn in an all-cash transac- and differentiated offerings that will
tion. cal capabilities. deliver value to our customers. This
“This is an ex- acquisition further aligns our portfo-
Schülke & Mayr is a leader in the cellent example of lio with the ‘clean beauty’ trend in
field of infection prevention and hy- the type of bolt-on the industry and helps us solve for
giene solutions for more than 130 acquisition opportu- a new generation of consumers who
years. The company develops, pro- nities that will help are shifting to products with milder
duces and distributes antiseptics for advance our strategy and safer ingredients. Our combined
wound care, disinfectants and medi- and support the pro- biotechnology competencies further
cal and cosmetic skin care products fitable growth of our strengthen our ability to create new
and preservatives. The company ope- core businesses,” said Mr. Guillermo sustainable solutions in broader fields
rates production sites in Germany Novo, Chairman and CEO, Ashland. of application,” added Mr. Novo.
PORTFOLIO REALIGNMENT
Shiseido sells its personal care business to focus

on high-end cosmetics

Japanese cosmetics giant, Shiseido, operations divested – which include world’s leader in the segment by
has agreed to sell its mass market Tsubaki hair-care products, the Senka 2030.
skin-care and toiletries business to skin care line or deodorant brand
CVC Capital Partners in a deal worth Ag DEO24, among others – are no longer According to Shiseido, the personal
160-bn yen ($1.5-bn). in the company’s core business. care business requires enhanced mar-
keting investment to maximise its
However, Shiseido will keep a Shiseido is seeking to focus on potential and foster further growth.
foothold in this business as it plans high-end cosmetics, which already “These goals will be best achieved
to acquire a 35% stake in the hold- account for more than 70% of the under a new business model,” the
ing company that will operate it. The group’s turnover, and become the group said in a statement.
Azelis announces acquisition in Italy

Azelis, leading European distribu- tribution of chemicals for friction and
tor of speciality chemicals and food sintering applications, CASE (coat-
ingredients, has signed an agree- ings, adhesives, sealants and elasto-
ment to acquire 100% of the shares mers), and cosmetics.
of Came Chemical Mineral and Engi-
neering S.r.l. (CAME) in Italy. Azelis has a strong focus on ap- tion laboratories worldwide, serving
plication development and innova- CASE, personal care and R&PA cus-
CAME is specialised in the dis- tion and runs more than 60 applica- tomers, amongst others.
14 Home, Personal & Institutional Care India February 2021