Swiss chemical company Clariant will buy CRM International SAS, a company that manufactures natural ingredients for the personal-care industry.
The deal should strengthen Clariant’s industrial and consumer specialties business unit.
CRM, headquartered in Puget-sur-Argens, France, derives elements from olive oil, such as emollients, active ingredients, butters and natural alternatives to silicones, for consumer cosmetics companies. Terms of the deal weren’t disclosed.
SK Capital Partners’ $500 million bid won the private equity firm three of Clariant’s businesses in December. The company plans to sell two more divisions by the end of 2013. Clariant is repositioning its portfolio as part of its growth strategy. The company plans to focus on markets with competitive positions, which it hopes will give it strong pricing power.