05.03.24
Syensqo acquired JinYoung Bio, a specialty cosmetics ingredients supplier based in South Korea. A purchase pice was not disclosed. The move represents a significant step in expanding Syensqo's portfolio toward more natural and high-value specialty skincare solutions with both functional and active ingredients.
The addition of JinYoung Bio's technology extends Syensqo's portfolio into biomimetic ceramides for skincare and hair care applications. The ceramides are produced through biotechnology via a fermentation process, which aligns with the focus on Syensqo's Renewable Materials and Biotechnology Growth Platform.
"This acquisition reflects our deep commitment to innovation and our focus on sustainable solutions leveraging the power of biotechnology," said CEO Iiham Kadri. "We are dedicated to making a meaningful impact in the beauty industry, addressing critical environmental and societal challenges with groundbreaking circular solutions."
Syensqo's first product, ceramide 3, debuted during NYSCC Suppliers' Day. Company executives said more products will roll out in the coming months.
"Our aim is to provide our customers with advanced skincare solutions that harness the natural power of specialty ingredients like ceramides," said Michael Radossich, president, consumer and resource division, Syensqo. "This investment puts Syensqo at the forefront of leveraging the dynamic nature of ceramides, a hero ingredient in cosmetic products including the fast-growing dermocosmetics."
More info: Syensqo, www.syensqo.com
The addition of JinYoung Bio's technology extends Syensqo's portfolio into biomimetic ceramides for skincare and hair care applications. The ceramides are produced through biotechnology via a fermentation process, which aligns with the focus on Syensqo's Renewable Materials and Biotechnology Growth Platform.
"This acquisition reflects our deep commitment to innovation and our focus on sustainable solutions leveraging the power of biotechnology," said CEO Iiham Kadri. "We are dedicated to making a meaningful impact in the beauty industry, addressing critical environmental and societal challenges with groundbreaking circular solutions."
Syensqo's first product, ceramide 3, debuted during NYSCC Suppliers' Day. Company executives said more products will roll out in the coming months.
"Our aim is to provide our customers with advanced skincare solutions that harness the natural power of specialty ingredients like ceramides," said Michael Radossich, president, consumer and resource division, Syensqo. "This investment puts Syensqo at the forefront of leveraging the dynamic nature of ceramides, a hero ingredient in cosmetic products including the fast-growing dermocosmetics."
More info: Syensqo, www.syensqo.com