Clariant and Plant Advanced Technologies agree strategic partnership in cosmetics

Plant Advanced Technologies Pat SA

29/11/2019 06:13

ZURICH, Nov 29 (Reuters) - Clariant  CLN.S  will take a 10%
stake in French cosmetics ingredients maker Plant Advanced
Technologies  ALPAT.PA , the Swiss specialty chemicals company
said on Friday, setting up a strategic partnership between the
two companies.
    The partnership combines PAT's research in discovering and
producing compounds from plant roots together with the marketing
and sales expertise of Clariant's Active Ingredients business,
Clariant said.
    The companies will work together to develop new premium
products which will reach the market through Clariant’s global
network, it added.

 (Reporting by John Revill
Editing by Tassilo Hummel)
 ((John.Revill@thomsonreuters.com; +41 58306 7022; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))