Italian personal care ingredient distributor Variati has been acquired by compatriots Deimos Group for an undisclosed sum.
Lombardy-based Deimos Group said the purchase of Variati would expand its presence in the nutraceutical and cosmetic sectors.
Founded in 1926, Variati has almost a century of experience and solid technical expertise focused on quality, innovation, and the enhancement of its partners, it added.
It has established itself in the market as a benchmark supplier of high-quality active ingredients and raw materials.
“Variati is a company with an extraordinary history and a solid reputation, built on valuable relationships, technical expertise and entrepreneurial seriousness,” said Deimos Group chairman Hans Udo Wenzel (pictured, right).
“Together, we will be able to expand our presence in the nutraceuticals and cosmetics segments with an increasingly distinctive and innovative product offering,” he added.
Variati’s range of natural ingredients will continue to be branded under the Variati Specialties name.
Variati chairman Robin Variati (pictured, left) said: "Becoming part of Deimos Group is a natural evolution for our company and a strategic opportunity to enhance our experience, history and the partnerships developed over time.”
“The Variati Specialties brand encapsulates and preserves the characteristics that have distinguished us over the years.”
