Fiberstar spins off R&D business; opens Brazil subsidiary

Published: 21-Sep-2010
Finance

Company plans to invest $12m in Brazil venture


Bio-based life science company Fiberstar has announced it has negotiated a spin off of its R&D business unit and IP portfolio. The two businesses have now formed Fiberstar Bio-Ingredient Technologies, of which Fiberstar is the sole shareholder. It has also secured an exclusive worldwide license to produce and sell the natural products Citri-Fi and Imulsi-Fi, derived from a bi-product of orange juice processing.

The company has also announced it has formed a wholly owned subsidiary in Brazil. Fiberstar Ingredientes do Brasil. Fiberstar has invested £12m to build a manufacturing plant in Brazil and it is estimated the venture will triple the company’s production capacity for bio-based products.
  • Companies:
  • Fiberstar
See more

You may also like

Finance

Estée Lauder Q3 sales bounce back after lagging second quarter

Read more
Recovery in the Asia travel retail segment, as well as strong performances from La Mer and The Ordinary, boosted sales during the period

Trending Articles

  1. Update: Space NK confirms bank to manage £400 million sale The retailer recently announced plans for rapid store expansion, with at least four more stores set to open in 2024 in the UK and Ireland
  2. Estée Lauder Q3 sales bounce back after lagging second quarter Recovery in the Asia travel retail segment, as well as strong performances from La Mer and The Ordinary, boosted sales during the period
  3. Nivea owner Beiersdorf sales top €2.5 billion in Q1 2023 La Prairie’s performance lagged during the quarter despite the overall sales increase, with sales down 12% compared with last year
  4. Nivea helps push Beiersdorf sales to €4.9 billion in H1 Sun protection was pinpointed as a strong performance segment for the German giant's Nivea, Eucerin and Aquaphor brands
  5. Rose Inc and JVN’s parent company Amyris files for bankruptcy The biotechnology ingredients supplier has started voluntary proceedings and is looking to off-load its consumer arm

Upcoming event

China Beauty Expo

22-24 May | Shanghai, China See all

You may also like

Finance

Estée Lauder Q3 sales bounce back after lagging second quarter

Recovery in the Asia travel retail segment, as well as strong performances from La Mer and The Ordinary, boosted sales during the period
Finance

Update: Space NK confirms bank to manage £400 million sale

The retailer recently announced plans for rapid store expansion, with at least four more stores set to open in 2024 in the UK and Ireland
Finance

Update: L’Occitane owner confirms intention to take business private

Owner Reinold Geiger aims to ‘rebuild’ the foundations of the business through the deal
Finance

The Body Shop owner Aurelius only paid £3.5 million upfront for retailer

The firm only gave former owner Natura & Co a fraction of the cost of the £207 million acquisition deal before the chain collapsed into administration
Colour Cosmetics

L Catterton snaps up majority stake in Kiko Milano

The firm’s investment will help the Italian beauty brand to expand its omnichannel strategy following a strong 2023 performance
Skin Care

Beauty drives Unilever's better than expected 2024 sales

The Anglo-Dutch consumer goods company highlighted its prestige division including Tatcha and Hourglass
Finance

Kering’s beauty business appoints new Americas lead

The luxury brand owner has named Alexandre Choueiri the segment’s President and CEO for the Americas and has unveiled three new board members
Subscribe now