06.01.23
Solabia has acquired a majority stake in Applechem, Inc.
“By combining Applechem’s specialty ingredient solutions with Solabia’s excellent actives portfolio, this new partnership will enable us to better serve our customers globally,” said Dr. Samuel Lin, founder and CEO of Applechem. “Joining with the Solabia Group will allow our collective expertise in specialty functional ingredient technologies and high-performance bio-active platforms to accelerate the development of new innovative cosmetic ingredients. 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.”
Founded in 2003 by Dr. Samuel Lin within the Enterprise Development Center of the New Jersey Institute of Technology, Applechem is a US-based cosmetics technology supplier with a diverse range of innovative ingredients for cosmetics, personal care and sun care formulations. With a global reach, Applechem offers a variety of eco-friendly products, providing versatile, reliable, and user-friendly solutions to leading brands.
Solabia is a recognized player in cosmetics, with an extensive portfolio of high-quality active ingredients that combine naturality with proof of efficacy. The acquisition is part of Solabia’s strategy to further consolidate its business in this fast-growing market. It will allow the company to benefit from a wider range of ingredients and to strengthen its position, as customers in personal care industry increasingly look for high-performance, easy-to-use ingredients. It will also contribute to strengthen Solabia’s presence in the strategic US market, while providing new development opportunities to both companies in Europe and in Asia.
Jean-Baptiste Dellon, CEO of Solabia, said the operation will be mutually beneficial for both companies to offer a broader portfolio of high-performance ingredients to an expanded customer-base.