Clariant has entered into an agreement to acquire a part of Vivimed Labs Limited’s personal care portfolio.
The acquisition will enable Clariant India Ltd (a 100% subsidiary of Clariant Group) to strengthen its personal care portfolio within the Industrial & Consumer Specialties (ICS) business unit, by offering a wider product portfolio within the sun, skin, hair and oral care range as well as antimicrobial preservatives.
“The personal care industry in India offers us immense potential, supported by the growing middle-class consumer population and the rising disposable income. This strategic decision will be a significant step towards strengthening our product portfolio and thereby reinforcing Clariant’s long term commitment in the segment,” commented Dr Deepak Parikh, region president, India, Middle East and Africa, Clariant. “We believe in the growth potential that India offers and are focused on expanding our footprint in the region.”
Stephen Lynen, head ICS, Asia Pacific, Clariant said: “This marks an important step in our global strategy to enhance our offering in personal care and to boost our presence in Asia. The transaction will strengthen our portfolio with actives to formulate broader solutions such as sun protection in a strong growing market – India.”
