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Expands sustainable cosmetic active ingredients portfolio with Argentinian company.
July 3, 2023
By: Christine Esposito
Editor-in-Chief
Evonik has acquired Novachem, an Argentinian sustainable cosmetic actives company with a portfolio of biotechnological, natural and sustainable cosmetic ingredients. The company is based in Buenos Aires in Argentina and has 20 employees. Novachem will be integrated into Evonik’s Care Solutions business line within the life sciences division Nutrition & Care. The deal was signed on June 30, subject to official approval by the authorities.
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