Owner of Rhodia buys company and enters the skin care industry

Following the strategy of expansion in emerging markets, the Solvay Group, owner of Rhodia, today announced the purchase of Brazilian manufacturer Dhaymers, special esters.
With this acquisition, the company enters from Brazil on the market of skin care (skin care) and starts the supply of emollients and emulsifiers used by industry giants in the production of cosmetics in the country.
The input is used for the manufacture of various products such as sunscreens and lotions for body, hands and face.
The deal includes the company's industrial plant located in Taboão da Serra, São Paulo, where Solvay should begin export production for the whole of Latin America.
The amount paid by the Brazilian company was not revealed, but the company claims that part of the investment of 76 million euros (about 240 million dollars) for the growth in the region this year.
In addition to bet on markets with great potential for growth (the Brazil is the third largest cosmetics market of Brazil), Solvay wants to strengthen its chemical operations for lubricants and mining industries in the region.