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Zschimmer & Schwarz and Slavona Tech Form Partnership
Posted: October 9, 2012
The partnership, in which Zschimmer & Schwarz acquired a significant stake in the shares of Salvona, will place Salvona as the official representative of Zschimmer & Schwarz specialty products for skin and hair care in the USA. It will also allow Salvona, which does encapsulation for aroma release, to expand due to Zschimmer & Schwarz's worldwide sales network (Salvona will be expanding its production in the USA and plans to continue this expansion into Europe).
In turn, the deal will strengthen Zschimmer & Schwarz's position in the global market for chemical specialties, particularly in the cosmetic and pharmaceutical industries.
The combined collaboration will bring further investment into Salvonaʼs GMP manufacturing capabilities and fully automated delivery systems to meet the growing need for skin-friendly dermatological topical products.