Clariant and Plant Advanced Technologies (PAT) Sign a Strategic Partnership to Revolutionize the Cosmetics Industry
29 Novembre 2019 - 7:00AM
Business Wire
- Clariant becomes strategic partner for product development
and exclusive global distributor for all new co-developed
products
- Clariant to subscribe to approx. 10% equity of PAT
- With its innovative technologies PAT discovers and
sustainably produces rare highly active molecules from plant
roots
Regulatory News:
Clariant and Plant Advanced Technologies (PAT) (Paris:ALPAT)
announce the establishment of a strategic partnership. It includes
the subscription of approx. 10% equity shares of PAT by Clariant,
joint development agreement and exclusive distributionship.
Renowned for its highly sustainable and cutting edge technologies,
PAT develops unique and powerful plant-based active ingredients for
cosmetics.
The partnership brings PAT’s research strengths in discovering
and producing precious compounds from plant roots together with the
claim substantiation and the marketing and sales expertise of
Clariant’s Active Ingredients business. These strengths will be
combined for the development of new premium products and will reach
the market through Clariant’s global network.
PAT is recognized for its high-end technologies used to explore
the best plant natural compounds in a very sustainable way. Two
proprietary technologies make it possible:
- Plant Milking Technology is a process that allows plant
cultivation in aeroponic and optimized conditions which facilitates
the sustainable recovery of the desired compounds. When gently
submitted to exudation, the living roots are delivering
phytochemical profiles that are unmatched in their performances,
concentrations and values.
- Target Binding Technology ensures an efficient and
unrivaled way of identifying the compounds in complex mixtures
which support the activities of key-relevance for innovative
cosmetic claims.
Commenting on the new partnership, Hans Bohnen, Member of the
Executive Committee at Clariant, said: “We are excited to further
improve our offer to the Personal Care market through this new
investment that reflects Clariant’s on-going commitment to a more
sustainable industry. The partnership with PAT drives this
commitment further and will provide to our customers with best
choices in the field of Active Ingredients”.
Christian Vang, Global Head of Business Unit Industrial &
Consumer Care (ICS), added: “The strategic partnership with PAT
strengthens our capacity to serve customers with the most
innovative and market-relevant active ingredients complementing our
other partnerships and enhancing our portfolio with powerful,
traceable and more sustainable offerings. We will provide premium
active ingredients to the cosmetic market through a monitored and
controlled process that explores the most difficult-to-access and
richest parts of plants: the roots.”
Jean-Paul Fèvre, President of PAT added: “We are delighted to
join our forces with Clariant, one of the leading providers of
active ingredients for the cosmetic industry. Thanks to their
vision, expertise and knowledge, we will bring together new
outstanding possibilities to the cosmetic market in terms of
naturality, innovation and performance. PAT has always been
specialized in sourcing unsourceable rare active plant compounds in
a sustainable innovative way and is very enthusiastic to establish
such a strong partnership based on these common values.”
Uniqueness and performance are key-drivers of choice when
selecting plants of various origins and ecosystems. Moreover, the
sustainable technology also provides full traceability, from the
seed to the final active ingredient. With the Plant Milking
Technology, harvesting occurs several times a year, and the plants,
cultivated in aeroponic conditions are not destroyed: the roots can
regrow almost indefinitely. All of these elements are in favor of a
sustainable, traceable and eco-friendly process, as everything is
located on a single site. There is no competition with agricultural
lands which ensures efficient use of planet resources and peace of
mind when it comes to regulatory compliance including the Nagoya
Protocol.
Clariant is a focused and innovative specialty chemical
company, based in Muttenz near Basel/Switzerland. On 31 December
2018 the company employed a total workforce of 17 901. In the
financial year 2018, Clariant recorded sales of CHF 4.404 billion
for its continuing businesses. The company reports in three
business areas: Care Chemicals, Catalysis and Natural Resources.
Clariant’s corporate strategy is based on five pillars: focus on
innovation and R&D, add value with sustainability, reposition
portfolio, intensify growth, and increase profitability.
Plant Advanced Technologies PAT is specialized in the
identification, optimization and production of rare new active
plant compounds for cosmetics, pharmaceutics, nutraceutical and
agrochemical markets. Since its creation, the company has developed
unique worldwide patented technologies for fast discovery of active
molecules and their industrial production while preserving plant
biodiversity (Target Binding® and PAT Plant Milking®). In the
cosmetic field, PAT has 3 subsidiaries :
- PAT Zerbaz on La Reunion Island dedicated to discovery and
production of innovative molecules from French tropical plant
biodiversity compliant with Nagoya Protocol
- StratiCELL, in Belgium, is a leader in in-vitro efficacy
testing in the dermo-cosmetic domain.
- Couleurs de Plantes dedicated to natural plant dyes and
pigments fabrication with cosmetics, textile and packaging
uses.
In the pharmaceutical field, PAT develops an anti-inflammatory
product through its subsidiary Temisis.
PAT is registered on EuroNext GrowthTM Paris (ISIN code:
FR0010785790 - Mnemonic: ALPAT).
Press release and photography can be downloaded from
www.clariant.com or www.PressReleaseFinder.com.
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Clariant Corporate Media Relations Jochen Dubiel
Phone +41 61 469 63 63 jochen.dubiel@clariant.com Claudia
Kamensky Phone +41 61 469 63 63 claudia.kamensky@clariant.com
Thijs Bouwens Phone +41 61 469 63 63
thijs.bouwens@clariant.com Clariant Investor Relations
Maria Ivek Phone +41 61 469 63 73 maria.ivek@clariant.com
Alexander Kamb Phone +41 61 469 63 73
alexander.kamb@clariant.com Clariant Global Trade Media
Relations Stefanie Nehlsen Phone +41 61 469 63 63
stefanie.nehlsen@clariant.com Caroline Schmid Phone +41 61
469 63 63 caroline.schmid@clariant.com Follow Clariant on Twitter,
Facebook, LinkedIn www.clariant.com Pat Media Relations
Margaux Fèvre Phone +33 3 83 94 03 42
communication@plantadvanced.com Pat investor Relations
Louis-Nicolas Vallas Phone +33 3 83 94 03 42
investisseur@plantadvanced.com Follow PAT on Twitter, Facebook,
Linkedin www.plantadvanced.com
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