Clariant buys stake in Korean ingredients firm

By Lucy Whitehouse

- Last updated on GMT

(R to L:) Stephan Lynen, Deok-Hoon Park, Christian Vang, Younghyun Kim, and Guido Appl, from Clariant and BioSpectrum
(R to L:) Stephan Lynen, Deok-Hoon Park, Christian Vang, Younghyun Kim, and Guido Appl, from Clariant and BioSpectrum
Clariant, global specialty chemicals firm, has purchased a 17% stake in naturals active ingredients supplier BioSpectrum.

The move sees Clariant take up the role of ‘anchor shareholder’ and exclusive global distributor for the Korean ingredients supplier, with the strategic partnership set to“combine Biospectrum’s research strengths with Clariant’s formulations expertise and global presence​”, according to the companies.

BioSpectrum derives many of its specialty active ingredients from Asia’s native flora, making it a key player in both the rising global market of Korean beauty and that of naturals cosmetics.

Effective naturals

BioSpectrum has built a reputation in recent years for its expertise when it comes to testing the efficacy of its ingredients and being able to substantiate these claims.

The company has strong scientific capabilities in bioassay, efficacy testing and claim substantiation,which allows the design and development of high-quality actives ingredients for the cosmetics industry​,” Clariant explained in a statement on the deal.

BioSpectrum’s portfolio is especially impressive due to its focus on naturals, and the company states it boasts naturally-derived ingredients for widespread personal care applications: moisturising, whitening, anti-ageing, wound-healing, acne treatment, anti-inflammatory, anti-dandruff, detoxification and body slimming.

Family-owned, going global

Following the new partnership, BioSpectrum is angling for global growth via Clariant’s international marketing and innovation network, while Clariant has voiced its excitement about the expansion of its ingredients offering.

Our investment in BioSpectrum will give us further access to highly innovative active ingredients based on renewable raw materials. This corresponds to a growing consumer demand for natural cosmetic ingredients, not only in the emerging markets of Asia but worldwide”,​ said Hariolf Kottmann, CEO of Clariant.

Christian Vang, head of business unit industrial & consumer specialities at Clariant, confirmed this, saying: “This strategic investment strengthens and significantly enlarges Clariant's active ingredient portfolio, reinforcing our ability to deliver a comprehensive range of natural, sustainable and effective formulations to the Personal Care industry.​"

Dr. Deok-Hoon Park, CEO of BioSpectrum, added: “This partnership with Clariant will be a key step in BioSpectrum’s growth. We will have a strong partner on-board supporting our fast and ambitious expansion plans and we foresee tremendous innovation synergies that will lead us to create more value for customers around the world."

Related news

Show more

Related products

show more

Discover Peptan for Beauty & Diverse Skins

Discover Peptan for Beauty & Diverse Skins

Content provided by Rousselot | 05-Sep-2024 | Product Brochure

As beauty from within solutions soar in popularity, manufacturers need to be able to serve everyone, no matter their ethnicity or skin type.

FucoSkin®: Ocean-Inspired Sustainable Beauty

FucoSkin®: Ocean-Inspired Sustainable Beauty

Content provided by Hi-Q Marine Biotech International Ltd | 28-Aug-2024 | White Paper

FucoSkin® is a fucoidan-rich extract derived from the brown seaweed Laminaria Japonica, known for its excellent anti-aging and photoprotective benefits....

See our latest innovations in personal care

See our latest innovations in personal care

Content provided by Covation Bio™ PDO | 02-Apr-2024 | White Paper

At CovationBio PDO, we’re helping the world achieve its sustainability goals by enabling better performing, better-for-the planet products across a range...

Collagen Reimagined, Discover Biodesigned Type XXI

Collagen Reimagined, Discover Biodesigned Type XXI

Content provided by Geltor | 20-Mar-2024 | Product Brochure

Collagen is the body’s most abundant protein and a mainstream ingredient for beauty. Type XXI collagen transcends a common protein into a powerful bioactive

Related suppliers

Follow us

Products

View more

Webinars

Podcast