Engelhard Gets Majority Stake in Coletica, S.A.

Engelhard Corporation acquired a majority stake in Coletica, S.A., a developer of performance-based skin care compounds and related technologies for the cosmetic and personal care industries. Engelhard purchased 78% of Coletica’s shares, which were held by a group led by Coletica’s founder and president. The acquisition further strengthens Engelhard’s position as a global supplier of materials technology to the cosmetic and personal care industries and expands the company’s capabilities. As part of the transaction, Engelhard acquired Coletica’s two facilities in Lyon, France, sales offices in Paris, New York and Tokyo and more than 120 employees.