DSM acquires Pentapharm
This article was originally published in The Rose Sheet
Executive Summary
DSM Nutritional Products' acquisition of cosmetic active ingredient specialist Pentapharm further strengthens its No. 1 position as the global leading supplier of active ingredients for skin care and sun care, firm announces July 7. Headquartered in Basel, Switzerland, Pentapharm offers patent-protected cosmetic active ingredients such as Erythrulose for self-tanning, the anti-wrinkle synthetic tripeptide Syn-Ake, and Vialox, "a highly effective topical alternative to Botox," in addition to ingredients for body-slimming and whitening products. The acquisition "enriches our existing personal care portfolio of vitamins and sun-filters with highly specialized actives," DSM's Krijn Rietveld, senior VP and head of new business development, says. Personal care is a "key area" DSM plans to build upon by 2010, board member Stephan Tanda adds. Pentapharm, which commands annual revenues of approximately $54.5 mil., employs about 200 people at locations in Switzerland, Japan and Brazil. The parties have agreed not to disclose financial details...