April 17 2020, David R Brown
Omya completes the acquisition Formulae Development LLC, a contract R&D formulator for natural cosmetics in the US
Omya, a leading global distributor and manufacturer of specialty ingredients, has successfully completed the acquisition of Formulae Development, LLC., an innovative contract R&D company specializing in natural formulations for Personal Care, located in Hazlet, NJ, US. Formulae, a boutique custom laboratory with fifteen years' experience in the personal care industry, has an established reputation as a provider of trend-setting solutions to the natural cosmetic market.
We are excited about the acquisition and growth prospects of the combined businessesOmya statement
With the acquisition, Omya is strengthening its position as a leader in cosmetic research and development within the Americas. By leveraging both Formulae's commitment to customer satisfaction through creation of exceptional finished products and Omya's international network of technical innovation centers, the combined businesses will be best positioned to serve the needs of both customers and principals nationwide.
Omya now has a strong North American platform for Personal Care with locations in Long Beach, CA, Hazlet, NJ and Mexico City offering their customers and supply partners first class products, formulation know-how, technical service and customer support.
“We are excited about the acquisition and growth prospects of the combined businesses“, Omya added in a statement.
Omya is a leading global producer of industrial minerals – mainly fillers and pigments derived from calcium carbonate and dolomite – and a worldwide distributor of specialty chemicals. The company provides a wealth of product solutions that contribute to its customers' competitiveness and productivity in multiple industries such as such as Personal Care, Pharmaceuticals, Food, Home Care, Agriculture and Forestry, Construction, Printing & Writing, Technical Polymers, Packaging, Water and Energy. Founded in 1884 in Switzerland, Omya has a global presence extending to more than 175 locations in over 50 countries with 8,000 employees.
About Formulae Development
Formulae Development is a custom cosmetic formulation lab with over fifteen years of experience in all forms of cosmetic product development, with a unique specialization in naturals and green chemistry. Located in Hazlet, New Jersey, Formulae was founded in 2005 by Garrett Reynolds.
Source(s): Omya Press Release