Goldschmidt Personal Care is a wholly-owned subsidiary of Degussa GmbH and will distribute standardized botanical extracts from Sabinsa for cosmeceutical uses. The agreement will allow Sabinsa - a wholly-owned subsidiary of Sami Labs in India - access to a much broader customer base for its researched extracts. "Working with Degussa Goldschmidt Personal Care not only allows for deeper and more broad market penetration for our line of cosmeceuticals, but permits us to focus on our core competency of developing safe and effective ingredients for the global market," said Madhu Subramanian, executive vice president of global operations with Sabinsa. New Jersey-based Sabinsa claims to have brought more than 50 standardized botanical extracts to market. The company employs over 100 scientists who conduct ongoing research in India and the United States, in order to develop and patent more phytonutrients. Sabinsa has indicated that it intends to expand the present partnership with Degussa. "This partnership is seen as the initial and first step of a closer collaborative venture between Goldschmidt and Sabinsa," said Subramanian. The companies said they expect to begin launching products developed as part of the partnership in the second half of 2007. "It is a perfect fit as Sabinsa's strength lies in the identification of bio-active compounds from Indian habitats, whereas we bring additional competence in the field of modern cosmetic claim substantiation and extensive formulation know-how to the table," said Peter Lersch, head of R&D Care Ingredients/Biotechnology with Goldschmidt Personal Care.
