AkzoNobel acquires pioneering plant-based separation technology
(Thomson Reuters ONE) -
July 1, 2011
AkzoNobel has boosted its technology portfolio in sustainable chemistry after
agreeing to acquire from Integrated Botanical Technologies (IBT) its patented
Zeta Fraction(TM) technology, which is transforming how plant-based chemistry is
used. Financial details were not disclosed.
The unique process developed by IBT - a privately held New York-based company -
makes it possible to harvest and separate constituent parts of a living cell
from any plant or marine source without requiring any solvents. IBT has worked
together with the Personal Care business (part of AkzoNobel Surface Chemistry)
for the last five years, during which time new products have been developed that
are currently being used in various personal care formulations.
"This acquisition will not only help us to bring innovative products to the
market, but we also believe that this technology can be used across several
AkzoNobel businesses", said Rob Frohn, the company's Executive Committee member
responsible for Specialty Chemicals. "There is increasing customer demand for
sustainable solutions in the fast-growing personal care market. Once we tap into
this technology's full potential, when combined with our global reach, we will
be in an even stronger position to meet this demand."
Added Bob Margevich, Managing Director of AkzoNobel Surface Chemistry: "The Zeta
Fraction(TM) technology is different than anything else on the market. We expect
it to continue to revolutionize how plant-based chemistry is used and help to
further strengthen our leadership position in high performance beauty
technologies."
Dr. Michael Koganov, one of IBT's founders, will be joining AkzoNobel to lead
the Zeta Fraction(TM) technology platform across the company's businesses. "Our
technology is based on fundamental scientific principles that allows for the
isolation of intracellular components in a manner that is reproducible,
sustainable and can be used for multiple industries and applications," he said.
The Zeta Fraction(TM) technologywill be integrated into the Personal Care
business of AkzoNobel's Surface Chemistry business unit.
- - -
AkzoNobel is the largest global paints and coatings company and a major producer
of specialty chemicals. We supply industries and consumers worldwide with
innovative products and are passionate about developing sustainable answers for
our customers. Our portfolio includes well known brands such as Dulux, Sikkens,
International and Eka. Headquartered in Amsterdam, the Netherlands, we are a
Global Fortune 500 company and are consistently ranked as one of the leaders in
the area of sustainability. With operations in more than 80 countries, our
55,000 people around the world are committed to excellence and delivering
Tomorrow's Answers Today(TM).
AkzoNobel Global Personal Care is a leader in high-performance beauty
technologies. Partnering with leading consumer personal care businesses, we
provide world-class development resources that create solutions for personal
care technology needs today and envision the market needs of tomorrow. We
leverage our broad range of high-performance personal care technologies to
provide new and innovative solutions that help create competitive products for
beautiful, healthy hair and skin. AkzoNobel Global Personal Care: Where science
is a thing of beauty(TM).
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Source: Akzo Nobel NV via Thomson Reuters ONE
[HUG#1527602]
Unternehmensinformation / Kurzprofil:
Datum: 01.07.2011 - 08:03 Uhr
Sprache: Deutsch
News-ID 56036
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