Clariant says that the deal aims to strength the portfolio of available products for its Consumer Specialties Business Unit (CSBU), and to further its aim to provide sustainable high performance ingredients.
The Switzerland-based company’s head of CSBU, Michael Willome said that the acquisition also fits with its strategy to expand into the consumer care market worldwide.
Deal to close end of March
Terms of the deal and the price tag of the acquisition were not revealed, partly because CRM is a privately held business, but the transaction is expected to be closed by the end of March 2013.
Established in 1996 and based in Puget-sur-Argens, near Cannes in the South of France, the company specialises in providing naturally derived ingredients that are mainly based on olive oil.
The product portfolio comprises butters, emollients, active ingredients and natural alternatives to silicones that have been developed and manufactured along sustainable and renewable lines.
Continued expansion into cosmetics
“With the acquisition of CRM, following the acquisition of OTC and the partnership with Kitozyme, we consequently pursue our way forward of providing innovative and high performance solutions to the consumer care markets", said Willome.
Back in October 2011 Clariant announced the acquisition of Germany-based active ingredients company OTC, a deal that aimed to increase its footprint in the active cosmetics arena for its consumer specialties business.
OTC also focused on providing sustainable and innovative technologies including delivery systems for micronized active ingredients that offer functional properties for a variety of formulations in the cosmetics and personal care categories.
In August 2012, the company published its sustainability objectives for the first time ever, underlining greater efficiency and less waste as being primary aims for the future.
Those targets include a 30 per cent reduction in energy consumption, a 45 per cent reduction in CO2 emissions, a 25 per cent reduction in water use and a 45 per cent reduction in waste water.