Applechem is proud to announce that it has joined the Solabia Group as part of Solabia's global expansion strategy in personal care.
FOR IMMEDIATE RELEASE
June 1st, 2023 – Applechem is proud to announce that it has joined the Solabia Group as part of a strategic expansion plan to strengthen Solabia's US market presence.
Founded in 2003 by Dr. Samuel Lin within the Enterprise Development Center of the New Jersey Institute of Technology, Applechem is a US-based cosmetics technology supplier with a diverse range of innovative ingredients for cosmetics, personal care and suncare formulations. With a global reach, Applechem offers a variety of eco-friendly products, providing versatile, reliable, and user-friendly solutions to leading brands.
Solabia is a recognized player in cosmetics, with an extensive portfolio of high-quality active ingredients that combine naturality with proof of efficacy. This acquisition is part of Solabia’s strategy to further consolidate its business in this fast-growing market. It will allow the company to benefit from a wider range of ingredients and to strengthen its position, as customers in personal care industry increasingly look for high-performance, easy-to-use ingredients. It will also contribute to strengthen Solabia’s presence in the strategic US market, while providing new development opportunities to both companies in Europe and in Asia.
Solabia announces that it has acquired a majority stake in Applechem, Inc. Dr Samuel Lin, Applechem’s founder, retains a minority share and remains CEO of the company.
Commenting on the acquisition, Jean-Baptiste Dellon, Chief Executive Officer of Solabia, said:
"We are very excited to welcome Applechem’s very talented and respected teams to Solabia. This operation will allow both companies to benefit from their combined know-how, and to offer a broader portfolio of high-performance ingredients to an expanded customer base. It also fully supports our international development strategy and showcases our ability to attract successful companies into Solabia Group as we look to grow our business in markets with strong potential.”
Dr Samuel Lin, Founder & Chief Executive Officer of Applechem, commented:
“By combining Applechem’s specialty ingredient solutions with Solabia’s excellent actives portfolio, this new partnership will enable us to better serve our customers globally. Joining with the Solabia Group will allow our collective expertise in specialty functional ingredient technologies and high-performance bio-active platforms to accelerate the development of new innovative cosmetic ingredients. We look forward to building on the reputation we have for delivering excellence, and innovate alongside a company that shares our passion, values and ambition.”
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