Clariant has acquired the remaining 70% stake in Brazilian personal care specialties company Beraca. Clariant has held a 30% stake in the company since 2015. The purchase price will not be disclosed. The acquisition is expected to close in Q4 2021.
Beraca is a manufacturer of natural ingredients for the personal care sector, including inter alia fats, oils and botanicals, which are all collected and extracted in an environmentally sustainable production process, per the companies.
Since 2015, Beraca has expanded its research and innovation and increased production capacity. The family-run company generated sales of $15 million in 2020.
Beraca’s business will be integrated into Clariant's care chemicals business area.
Conrad Keijzer, CEO of Clariant, said: "With its focus on sustainable products and processes, Beraca fits perfectly into Clariant's portfolio. We gain valuable access to natural materials based on the biodiversity of the Brazilian rainforest. This opens up great opportunities for high-quality growth for our care chemicals business.”
Christian Vang, head of business unit industrial and consumer specialties, said: "There is an increasing demand for ethically produced products on the world market, which we can meet even better with this acquisition. The excellent and highly creative team has written an extraordinary success story over the past five years, which we now want to continue and further develop under the Clariant umbrella.”