Evonik acquires Novachem to boost sustainable cosmetic active ingredients portfolio
Press release 3 June 2023
Evonik has acquired Novachem, an Argentinian sustainable cosmetic actives innovator
- Strengthens System Solutions portfolio for personal care market in Americas and globally
- A next step in the transformation of Care Solutions into a leading actives provider
- Reinforces path to become the preferred sustainable specialties partner
Essen, Germany. Evonik has acquired Novachem, an Argentinian sustainable cosmetic actives innovator. Novachem offers a strong, innovative portfolio of biotechnological, natural and sustainable cosmetic active ingredients with scientifically proven claims that will boost Evonik’s portfolio of System Solutions. The company is based in Buenos Aires in Argentina and has 20 employees. Signing and closing took place on 30 June 2023, subject to official approval by the authorities.
