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RNS Number : 0042J  Elementis PLC  26 November 2025

26 November 2025

 

Elementis plc

 

Elementis acquires personal care specialist Alchemy Ingredients Limited

 

Elementis plc ("Elementis" or the "Group"), a global specialty chemicals
company, today announces that it has completed the acquisition of UK based
Alchemy Ingredients Limited ("Alchemy") for an enterprise value of c.$22m(1)
on a cash-free debt-free basis.

Alchemy develops innovative, high-quality, sustainable rheology modifier
ingredients for the personal care industry across a range of cosmetics and
skin care applications. Its products are natural functional ingredients that
fully or partially replace synthetic raw materials in cosmetic formulations.
Alchemy's key technologies revolve predominantly around oil gelling (with the
Sucragel® and Sapogel® families of products) and water gelling (Clearthix®
and Sclerothix®).

Alchemy is a strong fit for Elementis. It brings exciting new products and
technologies that are complementary to our portfolio, further enhancing our
expertise in formulation solutions and rheology, and which are highly
synergistic with our hectorite products. These will help to create new sensory
profiles and textures to enhance the Group's cosmetic and skincare product
range. Elementis will enable Alchemy to build on its success to date by
leveraging its global sales and distribution network alongside its
complementary technology and application knowledge.

Alchemy has a track record of strong organic growth, with FY25 revenue
expected to reach more than c.$6m, with attractive margins.

The acquisition of Alchemy is consistent with the Group's Elevate Elementis
strategy, which seeks to make disciplined, high-quality bolt-on acquisitions
to further strengthen the Group's core specialty additives capabilities and
accelerate sustainable long-term growth.

Luc van Ravenstein, CEO of Elementis, said:

"We are delighted to announce the successful completion of this high quality
bolt-on acquisition, which is right in our personal care sweet spot and
strengthens our position in the growing natural skincare market. The business
opens exciting opportunities to expand our skincare portfolio, where the trend
toward natural ingredients and enhanced sensory benefits continues to
accelerate. Leveraging our global sales and marketing footprint, we see
significant potential to scale the business and deliver value."

 

 

Enquiries

Investors:          Zeeshan Maqbool, Elementis
plc                                   Tel:
+44 7553 340380

Press:                Martin Robinson/Giles Kernick, Teneo
                  Tel: +44 (0) 20 7353 4200

 

 

 

Notes

1.   Enterprise value £17m, subject to standard completion accounts.
Converted at exchange rate of £1=$1.3. The enterprise value includes £1.5m
of contingent consideration.

 

 

 

 

About Elementis

Elementis is a global specialty chemicals company listed on the London Stock
Exchange. The Group employs c.1,000 across 20 global locations. As recognised
innovation leaders with deep expertise in rheology (the science of flow), and
formulation solutions, we develop distinctive solutions and products to
improve performance, achieve smoother production, and enhance sustainability
credentials for customers across a range of industries. The Group also owns
and operates the largest high-quality hectorite mine in the world. Hectorite
is a rare, high-purity clay mineral rich in magnesium and lithium, known for
its ability to control viscosity, stabilise formulations, and deliver smooth,
consistent textures that make it ideal for clean-label, high-performance
formulations.

Elementis is composed of two focused, high-margin businesses: Personal Care
and Coatings. The Personal Care business manufactures natural and synthetic
rheology modifiers to deliver premium product performance for personal care
applications in skin care and cosmetics, as well as active ingredients for
antiperspirants. Within Coatings, Elementis develops and manufactures
rheology modifiers and premium performance additives for decorative and
industrial paints and coatings. The Coatings business also includes our Energy
and Adhesives, Sealants and Construction additives businesses.

About Alchemy

Alchemy is a specialty formulation solution company, with a mantra to replace
synthetic raw materials in cosmetic formulations with natural functional
ingredients, without compromise. Its naturally-derived blends provide
formulators with high performing solutions for oil gelling, emulsifying and
thickening. Alchemy's key technologies revolves predominantly around oil
gelling (with the Sucragel® and Sapogel® families of products) and water
gelling (Clearthix® and Sclerothix®).The business employs c. 20 employees
and is based in Ascot, UK.

 

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