2023 Year in Review: Suppliers News

2023 Year in Review: Suppliers News

Q1: Inolex appointed attorney Suzanne S. Mayes to its Board of Directors, named Michael Dall as CFO, and promoted Rob Lopez to Vice President of Operations. Aptar Beauty acquired iD Scent. Additionally, the Personal Care Products Council announced the election of a new Board Chair, Barbara Menarguez, the General Manager of Fragrance and Beauty at Chanel.

Q2: DSM-Firmenich appointed Emmanuel Bustraen as President of Perfumery & Beauty. HexisLab secured a £490,000 funding grant from Innovate UK. International Flavors & Fragrances put Lucas Meyer Cosmetics up for sale. Our Own Candle Company filed a class action lawsuit against four major fragrance manufacturers, accusing the suppliers of violating anti-trust laws.

Q3: Finnish start-up Montinutra partnered with personal care manufacturer Ole Hyvä to bring sustainable, zero-waste, closed-loop beauty ingredients to the market. Merck revisited its plan to sell its pigments unit. Croda commenced construction of a new manufacturing plant in Dahej, India. TRC decreased its tender offer in International Flavors & Fragrances. BASF announced plans to open a new citral plant in China and menthol and linalool downstream plants in Germany. Additionally, a South Carolina jury ordered talc supplier Whittaker, Clark & Daniels to pay US$29.14 million in damages to a woman who developed cancer.

Q4: Barretts Minerals filed for Chapter 11 bankruptcy; Croda revised its profit forecasts downwards. Symrise AG increased its stake in Kobo Products Inc., Mitsui & Co. acquired Dermaceutical Laboratories, and Bahl & Gaynor increased its stake in Inter Parfums. Symrise recorded sales of €2,414 million. BASF SE revised its earnings before interest and taxes to €4.4 billion. Amyris confirmed John Melo’s resignation as President and Chief Executive Officer. Clariant acquired Lucas Meyer Cosmetics from IFF for US$810 million, Vivify Specialty Ingredients announced its acquisition of Access Ingredients, and Innospec acquired QGP Quimica.

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