The alliance was originally mooted right at the start of the year, and will see the pair deliver new and sustainable solutions for the global Personal Care industry.
The completed deal also includes the possibility of major participation by Clariant in the future.
“The alliance now created between key players in the Personal Care sector will build a partnership to deliver environmentally-compatible solutions, combining expertise on the sustainable use of biodiversity and state of the art formulation technology,” says Christian Vang, Head of Business Unit Industrial & Consumer Specialties at Clariant.
“Customers and end-consumers across the world will have access to a larger range of solutions. Besides meeting known demand for natural ingredients we see exciting opportunities to grow this business in geographies such as Africa and Asia.”
As for Beraca, which is a provider of natural and organic certified ingredients sustainably drawn from Brazil’s biodiversity, it will remain an independently managed company.
Prior to the partial acquisition by Clariant, the company was a family-owned business, and it will continue to market its product portfolio of active performance systems, fixed and essential oils, clays and butters sustainably harvested from Brazilian biomes.
“This partnership with Clariant is a key step of Beraca’s sustainable growth and expansion plan. We foresee great innovation synergies that will culminate in creating more value to our main stakeholders, especially our customers and our partner sourcing communities,” says Daniel Sabará, CEO of Beraca.
“With this joint-venture, Beraca envisions its sustainable development cause in an even broader and meaningful magnitude.”
Financial details of the acquisition are not being disclosed.