MOSCOW (MRC) -- Clariant is acquiring the remaining 70% stake in Brazilian personal care specialties company Beraca for an undisclosed fee, said the company.
Clariant has held a 30% stake in the family-run company since 2015. The acquisition of the additional stake from Beraca's founders is subject to regulatory approvals and is expected to close in the fourth quarter of this year, Clariant said in a statement.
The Brazilian company is one of the key manufacturers of natural ingredients for the personal care sector offering inter alia fats, oils and botanicals. Beraca’s business will be integrated into Clariant's Care Chemicals business.
Earlier it was reported, Clariant, a world leader in specialty chemicals, has closed its transaction to acquire a 30% share in Beraca Ingredientes Naturais S.A. („Beraca"), which assumed the Health & Personal Care Business of Sabara Quimicos e Ingredientes S.A. Beraca is a leading player in natural, sustainable and innovative ingredients.
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