Unipex Group continues expansion with acquisition of Fytokem
Quebec City, November 26, 2009—Unipex Group today announced the acquisition of the assets of Fytokem Products Inc., located in Saskatoon, Saskatchewan. The acquisition is the second this year, following that of Codibel Distribution in Belgium in March.
Fytokem specializes in the discovery and commercialization of extracts, bioactive molecules, and phytochemicals used as ingredients in personal care, nutraceutical, pharmaceutical, and bio-industrial products. This company, whose expertise lies in ethnobotanics, has been studying the unique properties associated with plants native to the prairies and forests of Northern Canada since 1994.
A reliable partner since 2002, Fytokem has overseen the production, research, and development of bioactive and phytochemical ingredients commercialized by Unipex Innovations under the Tyrostat™ and Canadian Willowherb™ brands. “This transaction enriches our expertise in plant extraction, secures our supply, and provides Unipex Innovations with access to significant potential for innovation and R&D based on a database of over 400 plant extracts. Just as Unipex Innovations subsidiary Institut Européen de Biologie cellulaire (IEB) has developed and produced innovative biomimetic peptides used today by major cosmetic groups, Fytokem now provides us with major potential for future development in ethnobotanics. Consumers are increasingly seeking natural products that are safe and effective,” emphasized Charles Boulanger, president and CEO of Unipex Group in Quebec City.
No changes to either Fytokem’s facilities or current activities are planned.
About UNIPEX Group
Unipex Group, a privately held company, specializes in the development, manufacture, and distribution of active ingredients and specialty chemicals for world-class producers in the cosmetics, pharmaceutical, specialty chemical, consumer and nutrition industries. Unipex Group is also active in the areas of cosmetovigilance and consumer testing through its cosmetics evaluation services. Its distribution and marketing network serves more than 54 countries in North America, Europe, and Asia and boasts over 165 employees in 6 offices in North America and Europe. Additional information regarding Unipex Group is available at www.unipex.com.
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Source :
Antonio Lara
Vice President, Market Development
Groupe Unipex
Place de la Cité – Tour de la Cité
2600, boulevard Laurier, bureau 900
Québec (Québec) G1V 4W2
Canada
Tel.: 418 653-6888
antonio.lara@unipex.com