Affiliates of INOLEX (Philadelphia, Pennsylvania) have signed a definitive agreement to acquire ieS LABO (Oraison, France), a manufacturer of natural and organic plant and herbal extracts for the cosmetic industry.
The acquisition will pair well with INOLEX's green chemistry expertise in transforming natural vegetable materials into functional cosmetic ingredients.
INOLEX and ieS LABO will collaborate on the launch of novel natural ingredients in the coming months.
"The leadership of ieS LABO, Pierre Cappanera and Maria-Paz Zuniga, have built a wonderful business focusing on the demands for health and wellness in the cosmetic market," said David Plimpton, CEO of INOLEX. “Their products and philosophy are an ideal in match for INOLEX. We are excited to help them expand their presence, and to collaborate on new technologies.”