September 19, 2012
ZSCHIMMER & SCHWARZ Chemie GmbH and SALVONA TECHNOLOGIES LLC today announced a global strategic growth partnership. ZSCHIMMER & SCHWARZ acquired an important part of the shares of SALVONA TECHNOLOGIES LLC. The agreement was executed on August 31st, 2012.
The partnership will extend the product portfolio of both companies while also strengthening the position and service expertise of each party.
The partnership is in-line with the growth strategy of ZSCHIMMER & SCHWARZ and its desire to diversify and expand its reach, say Dr. Martin Haberl and Mr. Dietmar Clausen, while focusing on advanced technologies that can benefit a wide range of consumer products. For Salvona, says Dr. Sam Shefer, CEO of SALVONA TECHNOLOGIES LLC, the strategic partnership will allow the company to expand its market and activities with the benefit of ZSCHIMMER & SCHWARZ worldwide sales network. Additionally, Salvona will be expanding its production in the USA and plans to continue this expansion into Europe.
The combined collaboration will bring further investment into Salvona’s GMP manufacturing capabilities and fully automated, state of the art, delivery systems to meet the growing need for effective and skin friendly dermatological topical solutions. ZSCHIMMER & SCHWARZ will further strengthen its position in the global market for chemical specialties, particularly in the cosmetic and pharmaceutical industries.
The move will place SALVONA TECHNOLOGIES LLC as the official representative of ZSCHIMMER & SCHWARZ specialty products for skin and hair care in the USA.
The technologies of Salvona fit well into the existing business divisions of ZSCHIMMER & SCHWARZ and may bring new applications in the specialty chemicals businesses.
SALVONA TECHNOLOGIES LLC., privately held, established in 1998, focused on nanotechnology and advanced microspheres delivery systems, as well as, polymeric solutions to bridge technical gaps relating to dermatological and topical skin care applications. The Company has a wide range of patents on the technologies and applications. Products are sold to businesses in the field of dermatology and consumer care in Europe, Asia, South America, and the USA.
ZSCHIMMER & SCHWARZ, a family owned business founded 1894 with headquarters in Lahnstein near Koblenz, Germany develops and produces high performance chemical auxiliaries for the leather and fur, ceramic, textile and fiber industries as well as for cosmetics and cleaning applications and phosphonates. State of the art research & development and technical service centers are pursued among others in Germany, Italy and the USA, sales centers are located in the main world markets.
As M&A advisors to Zschimmer & Schwarz, Canec Inteational initiated and facilitated this transaction.