Ingredient platform goes independent
Clariant announced that ingredient search platform Chemberry will spin-off from Clariant, and will be operated independently under the new name Covalo.
Covalo is a brand of Covalo Ltd., a Swiss stock corporation established by former Chemberry employees. Covalo operates the domain covalo.com which Chemberry users will be redirected to from chemberry.com.
“We are very proud of what Chemberry has achieved in a short time under Clariant. Now, as Covalo, it will widen its mission to tackling challenges across the beauty product development process beyond ingredient sourcing,” comments Sibylle Mutschler, head of transformation, Clariant. “Covalo’s vision is to make beauty product development faster and easier by connecting and facilitating collaboration between beauty brands and suppliers also in the areas of contract manufacturing, formulation and testing services, and packaging. We wish them well for the exciting times ahead.
“Clariant has provided us with invaluable insights and support over the last few years. Being a part of an established specialty chemicals company also lent us the perspective of an ingredient supplier so we could understand the difficulties around ingredient marketing and transparency."