Greentech acquires France-based Phytocos
According to Greentech, the acquisition is expected to boost its capabilities in the cosmetics field through the development of new approaches and technologies.
Jean-Yves Berthon of Greentech told CosmeticsDesign-Europe.com that the reasons for purchasing Phytocos were three-fold - its technologies, its active ingredients, and its aloe extracts.
He said that Phytocos is one of the few companies to have and manage molecular distillation technology, which can be used for the purification and extraction of chemical compounds.
Additionally, he added that Phytocos’ chemical synthesis technology will help in the development of new stabilized ingredients and actives.
Phytocos also produces active ingredients that compliment Greentech’s existing portfolio, according to Berthon.
“Greentech launches actives for formulation in aqueous phase and Phytocos has a range of lipidic ingredients including oils, butters and esters. The idea is to develop the concept of synergic actives between aqueous phase and oily phase in emulsions,” he explained.
Additionally, he noted that the Phytocos’ range of aloe extracts in lipid, dry and oily form, available thanks to a close partnership with aloe producers, is also of particular interest to Greentech.
Investment in technology and research
As part of the acquisition, Phytocos will invest in new production facilities and in the development of new emulsifiers, active esters and preservatives, according to Greentech.
Phytocos will also invest in larger equipment for molecular distillation and new reactors,added Berthon.
“With these reactors Phytocos will supply new natural ingredients but with the technology for stabilisation, high activities and vectorization of these natural ingredients,” he said.