Solabia Acquires Majority Stake in PolymerExpert
Last update on Sep 10, 2024
announces that it has acquired a majority stake in , further strengthening its position in the cosmetics and healthcare markets.This acquisition illustrates the Group's strategy of strengthening its activities in the dynamic cosmetics market allowing Solabia to offer a wider range of value-added ingredients to its customers. It will also help the Group to consolidate its positions in healthcare, offering new development opportunities in this high-potential market.
Strengthening Activities in the Dynamic Cosmetics Market
Marc Dolatkhani, PolymerExpert's founder, retains a minority stake in PolymerExpert and will remain CEO of PolymerExpert.
Founded in 2000 by Marc Dolatkhani and based in Pessac (Gironde, France), PolymerExpert is an innovative company specialized in the development and marketing of high-tech polymers. It offers a range of high-value products for cosmetics (with high-performance polymers of natural origin for applications such as skin care, sun protection, and makeup) and healthcare markets (for implantable and non-implantable ophthalmic and medical devices). With an international presence, PolymerExpert controls the entire value chain, from R&D to production, in compliance with the strictest ISO standards and the concept of plant-based chemistry.
Solabia is recognized in the beauty and healthcare markets, with an extensive portfolio of high-quality active and functional ingredients that combine naturality with proof of efficacy.
Commenting on the acquisition, Jean Baptiste Dellon, chief executive officer of Solabia, said, 'We are very excited to welcome PolymerExpert's teams to Solabia. This transaction will allow both companies to benefit from their combined know how and offer a broader portfolio of high-performance products to a larger customer base. It also fully supports our development strategy and showcases our ability to attract innovative companies into the Solabia Group as we continue to strengthen our business in markets with strong growth potential.'
Marc Dolatkhani, founder & chairman of PolymerExpert, commented, 'The combination of PolymerExpert's specialty ingredients and Solabia's portfolio of active ingredients will bring major innovation opportunities to our customers globally. The association with the Solabia Group will allow us to accelerate the development of new innovative ingredients for cosmetics by drawing on complementary expertise.'
'It will also strengthen the development of our medical business over the long term. We look forward to building on the reputation we have for delivering excellence and innovate alongside a company that shares our passion, values, and ambition. This partnership promises to be both humanly and technically exciting.'
Source: Solabia
Source
Solabia