THE WHAT? Clariant and Plant Advanced Technologies (PAT)
have announced the establishment of a strategic partnership.
THE DETAILS The deal includes the subscription of
approximately 10 percent of equity shares of PAT by Clariant, a joint
development agreement and exclusive distributorship.
“We are excited to further improve our offer to the Personal
Care market through this new investment that reflects Clariant’s on-going
commitment to a more sustainable industry,” said Hans Bohnen, Member of the
Executive Committee at Clariant. “The partnership with PAT drives this
commitment further and will provide to our customers with best choices in the
field of Active Ingredients.”
Jean-Paul Fèvre, President of PAT added, “We are delighted
to join our forces with Clariant, one of the leading providers of active
ingredients for the cosmetic industry. Thanks to their vision, expertise and
knowledge, we will bring together new outstanding possibilities to the cosmetic
market in terms of naturality, innovation and performance. PAT has always been
specialized in sourcing unsourceable rare active plant compounds in a
sustainable innovative way and is very enthusiastic to establish such a strong
partnership based on these common values.”
THE WHY? Clariant will benefit from PAT’s strengths
in discovering and producing precious compounds from plant roots while Clariant
will bring its expertise in claim substantiation, marketing and sales to the
partnership.
