Syensqo has initiated a strategic review of its Performance & Care segment, which includes beauty and home care.
The Belgian company said the review is in line with its intention to focus on becoming a pure play speciality materials and advanced technologies company, with greater exposure to aerospace and defence, electronics, healthcare, energy and advanced mobility applications.
Syensqo’s Performance & Care segment, comprising the Novecare and Technology Solutions global business units, serves the consumer care, agro, coatings and mining end markets.
In 2025, the segment generated net sales of €2 billion ($2.33 billion) and an underlying EBITDA of €358m.
“Since the start of the year, and along with the board, we have undertaken a strategic assessment of our long-term direction and value creation priorities, said CEO Mike Radossich.
“In addition, we are fully focused on accelerating our growth trajectory, driving more consistent execution, sharpening our capital discipline as well as improving cash flow delivery,” he added.
“Today’s announcement reflects our intention to further sharpen our portfolio, increase our focus on technologies where we see the strongest long-term growth opportunities and drive sustained, innovation-led differentiation.”
Radossich continued: “Accordingly, we will now evaluate a range of strategic options for the Performance & Care segment, with an emphasis on maximizing long-term value for our shareholders.”
Syensqo has not set a defined timetable for the strategic review, and will provide further updates when appropriate.
