Muttenz, November 29, 2019 – Clariant and Plant Advanced Technologies (PAT) announce the establishment of a strategic partnership. It includes the subscription of approx. 10% equity shares of PAT by Clariant, joint development agreement and exclusive distributionship. Renowned for its highly sustainable and cutting edge technologies, PAT develops unique and powerful plant-based active ingredients for cosmetics.
The partnership brings PAT’s research strengths in discovering and producing precious compounds from plant roots together with the claim substantiation and the marketing and sales expertise of Clariant’s Active Ingredients business. These strengths will be combined for the development of new premium products and will reach the market through Clariant’s global network.