Sabinsa and Degussa Goldschmidt agree deal

Under the terms of the agreement, Goldschmidt, which is owned by Degussa GmbH of Germany, will sell Sabinsa products to its worldwide customer base, as well as developing some new products with the Indian manufacturer.

Willy Klipp, senior vice president and general manager of Degussa’s business line Goldschmidt Personal Care, said: “This agreement essentially allows us to offer novel nature-derived active ingredients to our broad customer base and reinforce our position as a preferred partner for the development of innovative products and new applications”.

Madhu Subramanian, executive vice president of global operations at Sabinsa said: “Working with Degussa Goldschmidt Personal Care not only allows for deeper and more broad market penetration for our line of cosmeceuticals, but permits us to focus on our core competency of developing safe and effective ingredients for the global market,”