14 January 2013 06:26 [Source: ICIS news]
SINGAPORE (ICIS)--Clariant has signed an agreement to acquire France-based Cosmetic Raw Materials (CRM) International for an undisclosed fee, the Swiss specialty chemicals group said on Monday.
The transaction is expected to close by the end of March 2013, Clariant said in a statement.
The acquisition of CRM International, a manufacturer of natural cosmetic ingredients, is part of Clariant’s strategy to develop and strengthen its industrial and consumer specialties business’ portfolio, it added.
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