Speciality chemicals leader and speciality active cosmetics ingredients maker BioSpectrum has formed a strategic partnership with Clariant following Clariant’s 17 percent share acquisition in the ingredient company.

 BioSpectrum will remain an independently managed company, however, Clariant will leverage its global sales and innovation network to market BioSpectrum’s product portfolio of active ingredients worldwide, with the exception of Korea.

Dr. Deok-Hoon Park, CEO of BioSpectrum, said, “This partnership with Clariant will be a key step in BioSpectrum’s growth. We will have a strong partner on-board supporting our fast and ambitious expansion plans and we foresee tremendous innovation synergies that will lead us to create more value for customers around the world.”