Initial research will look at ways to derivatize HallStar’s patented photostability technologies to create unique ingredients that improve both the utility and feel of sunscreen and sun-protection product formulations.
“This is a major step forward for both of our companies,” said John Paro, chairman, president, and CEO of HallStar. “I predict that we are going to see some cutting-edge technologies emerge from this agreement, which will really benefit formulators, and ultimately, consumers.”
Craig Bonda, of HallStar, and Tony O’Lenick will lead the development team.
In an unrelated announcement, HallStar and Scandiflex have formed a joint venture, HallStar do Brazil, to market a wide range of HallStar's personal care ingredients.The company will be headquartered in São Paulo.
Scandiflex brings its manufacturing expertise, distribution network, and knowledge of the personal care market in Brazil to the venture. HallStar brings its vast product portfolio, patent estate, and marketing expertise in skin care, sun care, hair care, and toiletries consumer products.
“Brazil is one of the fastest growing personal care markets in the world,” explained Paro. “We are very excited to bring our ingredients — especially our family of photostabilizers — to Brazilian formulators and ultimately to Brazilian consumers.”
The alliance of Scandiflex and HallStar will allow the new company to become fully operational very quickly. The founding companies will retain equal ownership in HallStar do Brazil. A dedicated sales representative is being hired to accelerate new products to market.
More info: HallStar, Tel: 877-427-4255 or +1 312-385-4494; Website:www.hallstar.com