The acquisition of the ingredient manufacturer is to be sealed by the end of May
Univar, a global chemical and ingredient distributor, has announced it will acquire ingredients manufacturer Earthoil.
The supplier of natural and organic ingredients for the beauty industry, specialises in supplying natural and organic ingredients including marula, moringa, argan, avocado, baobab and other natural oils.
Nick Powell, Univar’s President of EMEA, said: “Earthoil presents us with an attractive opportunity to add a natural ingredient product portfolio that we can leverage across our growing customer base in the European and global natural beauty and personal care market.”
He also believes both companies share a commitment “to develop ethically and socially responsible ingredients”.
Earthoil’s General Manager Richard Eyles added: “I’m really excited about this new chapter in the story of Earthoil.
“The synergistic combination of Univar’s global sales reach, distribution expertise and formulation laboratories, coupled with Earthoil’s expertise in sourcing its provenance-rich range of essential oils and vegetable oils, will benefit our valued customers.”
Earthoil is the personal care and cosmetic ingredient division of Treatt and generated an estimated of US$11m in revenue last year.