gci

Current cover

Mirexus, Cargill Enter Long-Term Agreement

Contact Author
Close
Fill out my online form.

Canadian biotechnology company Mirexus Inc. (Mirexus) has entered a long-term agreement with Cargill Beauty (Cargill), the company announced.

The partnership will allow Cargill to deliver Mirexus’ natural bio-active PhytoSpherix to targeted Cargill customers in the Global Personal Care market. Cargill first showcased PhytoSpherix at in-cosmetics Global 2018, held in Amsterdam. PhytoSpherix is a pluri-functional phytoglycogen, designed to provide smooth skin, enhanced moisture and anti-aging and skin tone benefits. Cargill plans on incorporating the ingredient into its new Cargill Beauty System 1.0 concept.

“This is a wonderful opportunity for Mirexus,” said Mirexus president Boris Segalowitch. “We needed to accelerate our growth and with Cargill Beauty as our partner in just one step, we have moved into the big leagues.  By selecting us as a partner, Cargill Beauty has endorsed PhytoSpherix as a powerful bio-active.  As part of their rigorous evaluation process, Cargill invested in various lab tests and clinical & consumer trials to validate and enhance Mirexus’ own data.  And of course, Cargill Beauty brings great expertise in sales, marketing, formulation and communication plus a vision and a start-up spirit that fit perfectly with us. We are thrilled to have this unique opportunity to expand the use of PhytoSpherix™ around the world.”

Added Tony Jaillot, general manager, Cargill, “Cargill Beauty offers a diverse range of nature-derived ingredients and a full-solution portfolio of skincare expectations from bio-actives. This is a category we plan to enhance in the future with a new line of bio-actives fitting with our current strategy. Mirexus has a similar vision for the future, and together we have a unique opportunity to expand the use of this special bio-active extracted from sweet corn using a patented, water-based, green manufacturing process in their dedicated new manufacturing plant in Canada. This is a great fit for Cargill Beauty, and we look forward to offering this unique bio-active around the globe.”