Evonik buys delivery firm
Evonik has agreed to buy Infinitec Activos, which is based at Montornés del Vallès near Barcelona supplies delivery systems for cosmetic active ingredients, including its Cosmetic Drone proprietary technology and its new polylactic-co-glycolic acid-based delivery system. The natural-based raw material producer, Naturethic, is also part of the deal.
Infinitec Activos will be integrated into the Care Solutions business line in the Nutrition & Care division. Evonik said that it is part of a process of shifting the division’s portfolio towards higher-growth ‘system solutions’ from 20% now to over 50% by 2030. The division has now acquired ten companies since 2016. Evonik also expects to use Infinitec’s IP in adjacent markets like healthcare.