French private equity outfit Ekkio Capital has established Sweetch, a personal care ingredient supplier focused on natural and sustainable technologies, via a trio of acquisitions.
Dutch skin microbiota specialist Gobiotics, French delivery systems maker Creathes and CreaChem, a Belgian producer of saccharides from chicory roots, beet roots and rice, will unite under the Sweetch umbrella.
Paris-based Sweetch aims to impact the beauty industry by demonstrating the power and benefits of natural ingredients through plant-based and biotech solutions, open innovation and advanced formulation.
Their “holistic vision focuses on a positive impact for people and planet at scale using upcycled feedstocks, microbiome oriented functional and active ingredients, low energy formulation, and much more”.
Sweetch are led by chief executive Tony Jaillot, former global vice president of beauty & personal care at US distributor Univar Solutions.
Other Sweetch executives include: Arnita Wofford, chief marketing officer; Dominique Villard, chief financial officer; Hervé Huilier, chief operational officer; Laurent Gilbert, chief sustainability officer; and Sébastien Kerverdo, chief commercial officer.
“While there are many great renewable ingredients on the market, we believe that there is a novel way to assemble them into differentiating concepts while bringing new technologies to life, from untapped food technologies to biotech or even other industries,” said Jaillot.
“We are delighted to partner with the visionary team of Ekkio Capital in this journey and to build a new disruptive player in the beauty ingredients space!”.
Dorota Gonry, CEO of Gobiotics added: “Even at the start of the business in 2002, the Gobiotics company mission was to develop ingredients that support the skin through the skin microbiota and to develop sustainable alternatives for synthetic classic functional ingredients.
“Becoming part of Sweetch will amplify our R&D resources, production capacity and our level of customer service. More and more iconic ingredients are coming.”
