Evonik completed the acquisition of Novachem.

Evonik, a specialty chemicals company, completed the acquisition of Novachem, a sustainable cosmetic actives innovator. Financial terms were not disclosed. “We are excited to welcome Novachem to our Evonik family. By leveraging our complementary knowhow and access to markets in the Americas and worldwide, we will be a step closer to achieving our goal of becoming the preferred sustainable specialties partner,” Yann d'Hervé, Evonik Head of Care Solutions business line.