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Acquisition of naturals screening company agreed

Evonik has concluded a purchase agreement to acquire innovativeHealth Group (innoHealth), with the transaction due to be completed before the end of March. Headquartered at the Scientific Park of Madrid (Spain), innoHealth's technology platforms screen and combine natural ingredients and extracts to generate novel dermocosmetic products with synergistic activities. The company will be part of Evonik's Care Solutions Business Line.

“Evonik’s DNA for development is to innovate new products that show proven efficacy and support unique cosmetic claims,” said Tammo Boinowitz, senior vice president and general manager at Evonik’s Care Solutions Business Line. “In order to screen the right products, we wanted to enlarge our lab capabilities and enhance our screening abilities. This is a core strength of innoHealth – to select the right products that show efficacy.”

In addition to the screening platform, innoHealth developed a tool to combine active ingredients showing synergistic effects. The platform can be used for Evonik’s product development and as a selection tool for its customers. Additionally, Evonik will offer customised active ingredients that meet the specific market trends and consumer needs.

innoHealth’s Ingredient Combinatorial System platform is used to identify synergistic activities between individual ingredients to develop novel dermocosmetic products that offer superior activity for specific applications. The artificial intelligence system implements an algorithm capable of calculating optimized ingredient blends for different applications.

Tammo Boinowitz added: “With this latest acquisition we have strengthened our innovative power in the area of cosmetic active ingredients. We will now be able to optimize the costs and development time, as well as achieve high quality and high performance products that show attractive and scientifically proven properties.”

Prof. Dr. Eduardo Muñoz MD, PhD, Professor of Immunology at the University of Cordoba, and co-founder of innoHealth, said: “innoHealth was created with the mission of offering novel skin care products and to provide technological support for their development. Our major focus has been on a scientific-based approach to new and more effective therapeutic solutions to dermatological skin conditions. Now as part of Evonik we are in a much better position to realise these goals, and we are looking forward to helping Evonik meet its wider targets and goals.”

See more about Evonik Nutrition & Care GmbH

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Upcoming Events

in-cosmetics Global

Paris Expo Porte de Versailles
16th – 18th April 2024

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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