Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Ashland to acquire Pharmachem Laboratories

William A. Wulfsohn, Ashland

William A. Wulfsohn, Ashland

Ashland, a specialty chemicals company based in Covington, KY, has signed a definitive agreement to acquire privately owned Pharmachem Laboratories, Inc., a provider of ingredients to the global health and wellness industries and high-value differentiated products to fragrance and flavour houses.

With annual revenues of approximately US$300 million and 14 manufacturing facilities in the United States and Mexico, New Jersey-based Pharmachem sells to the following end markets: nutrition and health (43 percent of total sales), fragrance and flavours (33 percent), food, beverage and personal care (15 percent); and custom manufacturing (9 percent).

The acquisition of Pharmachem offers a number of exciting growth opportunities in higher-margin end markets while also strengthening our specialty product line,“said William A. Wulfsohn, Ashland chairman and chief executive officer.”This combination will enhance our position in fast-growing nutraceutical end markets, open a new opportunity within fragrances and flavours, and strengthen Ashland’s food ingredient business by adding customized functional solutions."

The US$660 million transaction, which is subject to customary closing conditions and required regulatory approvals, is expected to be completed before the end of the June quarter.

© 2017 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus
spip-vignette

MakeUp in Los Angeles unveils conference programme

The third edition of MakeUp in LosAngeles will open its doors on February 7 and 8 2018 in a new venue, the Barker Hangar, concomitant to the first edition of Luxe Pack Los Angeles. The event’s conference programme will feature thirty speakers hosting fifteen conferences and half a dozen round tables focused on the new beauty (...)

read more
job opportunities
Experts’ views
Holiday Retail Insights

Laurence Bacilieri
Holiday Retail Insights

This year, the Thanksgiving weekend sales (Nov. 24-27) promised to be excellent. Good news, 45 % of Americans already started their Christmas shopping before the first of November. As many as 79 % of the retailers started offering discounts and promotions earlier than last year, and 17% of consumers said they did not want to celebrate (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close