Elementis completed the acquisition of Alchemy for $22m.

Elementis, a global specialty chemicals company, completed the acquisition of Alchemy, a company specializing in natural functional ingredients, for $22m. "We are delighted to announce the successful completion of this high quality bolt-on acquisition, which is right in our personal care sweet spot and strengthens our position in the growing natural skincare market. The business opens exciting opportunities to expand our skincare portfolio, where the trend toward natural ingredients and enhanced sensory benefits continues to accelerate. Leveraging our global sales and marketing footprint, we see significant potential to scale the business and deliver value," Luc van Ravenstein, Elementis CEO.