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Indena To Transfer Product Lines
Posted: January 19, 2006
Indena, developer and producer of active principles derived from plants, announced a preliminary agreement to transfer its cosmetic fluid extract lines, including the Phytelenes and Cosmelene brands, to the French phytocosmetic specialists Greentech S.A. The deal reportedly follows Indena’s decision to focus its cosmetic sector resources on the development of highly purified active principles and on standardized dry extracts for topical or oral use. The agreement allows Greentech S.A. to pursue further development in France and elsewhere. A new purpose-built production facility is under construction.