Page 134 - CW E-Magazine (17-12-2024)

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PERSONAL CARE INGREDIENTS

Eternis acquires Sharon Personal Care

Mumbai-based aroma chemicals towards diversifying its offerings and the US, with the ability to service our
manufacturer, Eternis Fine Chemicals widening the portfolio into the growing customers with products under new
Ltd., has acquired Sharon Personal personal care segment. segments from the sites, stock hubs
Care (SPC), a global supplier of inno- and offi ces there,” said Eternis CEO,
vative ingredient solutions for a broad “As we step into 2025, I speak on Mr. Wilfrid Gambade.
range of personal care products. A behalf of the team at Eternis in express-
purchase price was not disclosed. ing my excitement with this signifi cant “Our combined manufacturing and
milestone of successfully completing distribution footprints across India,
A recognized innovative player in another overseas acquisition in our Europe, Asia and the US will offer a
complex preservation systems, bio- growth journey,” said Mr. Rajen Mari- robust supply chain. Further, this partner-
actives, emollients, emulsifi ers, surfac- wala, Managing Director, Eternis. ship will enable us to reach Asia-Pacifi c
tants and natural delivery technologies, with personal care products ensuring
SPC employs more than 100 people “The addition of this large personal more customers can experience the
worldwide, with manufacturing and care pure-play and high-end manufac- brand’s high-quality and innovative
scientifi c facilities in Israel and Italy, turer enhances our business and brings offerings,” SPC CEO, Ms. Naama Eylon,
as well as commercial offi ces in US, with it many strategic advantages. said. Eternis has four manufacturing
Germany and France. SPC is owned Sharon PC’s commitment to sustain- facilities in Maharashtra, with a total
primarily by Tene Investment Funds ability, innovation and quality perfectly capacity of over 66-ktpa. Eternis made
(Tel Aviv), an Israeli private equity growth aligns with our vision of delivering its fi rst acquisition in 2018 with the
fund focused on the industrial and tech- products that make people feel good addition of Aims Impex in India, and
nology sectors. According to Eternis, and refl ect our values. This acquisition very soon went on to acquire Tennants
the acquisition marks a signifi cant step will further establish us in Europe and Fine Chemicals Ltd., UK in 2021.

Sajjan India is now Cohizon Life Sciences

Chemicals company Sajjan India in a social media post. “Pronounced Hydrogen (COH),” the statement
Ltd. has rebranded itself as Cohizon ‘Co-high-zon’ (like horizon), our new added.
Life Sciences Ltd. brand embodies two essential concepts:
‘Cohesion’, which signifi es our com- Cohizon serves sectors such as agro-
“This new identity represents our mitment to partnership, and ‘Horizon’, chemicals, pharmaceuticals, speciality
signifi cant evolution into a dynamic, representing the limitless possibilities chemicals, photo-initiators, polymer
technology-driven CDMO committed we can explore together. The name additives, and electronic chemicals pro-
to success and sustainable growth of also encapsulates the vital life-giving viding comprehensive CDMO services
our customers and partners,” it said elements of Carbon, Oxygen, and throughout the product lifecycle.

HYDROGEN POWER

GEIL partners with French company for fuel cell systems
Greenzo Energy India Ltd. generators, provide maintenance, like data centres and telecom infra-
(GEIL) has teamed up with France’s and produce alkaline electrolysers. structure. India’s hydrogen generator
Energy Observer Developments A 20-year collaboration allows GEIL market is set to expand significantly
(EODev) to introduce hydrogen the possibility to assemble EODev as sectors move away from diesel.
fuel cell power units to the Indian products locally. Fuel cells convert Valued at an estimated $20-mn soon,
market. hydrogen’s chemical energy into the demand is driven by infrastruc-
water and electricity, offering a clean ture such as data centres and telecom
The partnership enables GEIL to alternative to traditional diesel-powe- towers, the latter alone using almost
sell EODev’s eco-friendly hydrogen red units used in various sectors 8-mn diesel generators.

134 Chemical Weekly December 17, 2024

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