# Evonik acquires Wilshire Technologies to expand sustainable cosmetic ingredients

Evonik Industries AG signed a purchase agreement to acquire Wilshire Technologies Inc., a U.S.-based supplier of phytochemicals and derivatives for cosmetic and pharmaceutical industries. The transaction is expected to close by end of January 2020. Purchase price not disclosed.

- Type: Acquisition
- Announced: 2020-01-16
- Where: Princeton, New Jersey, United States
- Value: $640.0M
- Status: announced
- Products: phytochemicals, plant-derived cholesterol, cosmetic active ingredients, pharmaceutical excipients
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [One Equity Partners](https://endata.com/companies/710.md) (partner)
- [Evonik Industries](https://endata.com/companies/5809.md) (acquirer)
- [PeroxyChem](https://endata.com/companies/28671.md) (target)
- [Wilshire Technologies](https://endata.com/companies/44593.md) (target)
- [United Initiators](https://endata.com/companies/45080.md) (partner)

## Sources

- [borderless.net](https://www.borderless.net/news/energy-and-chemical-value-chain/evonik-acquires-u-s-based-phytochemical-company-wilshire-technologies/), 2020-01-16: "Evonik Industries AG has concluded a purchase agreement to acquire Wilshire Technologies Inc., with the transaction to be completed by the end of January."
- [peprofessional.com](https://peprofessional.com/2020/02/04/), 2020-02-05: "One Equity Partners has completed the sale of PeroxyChem, a maker of peroxygen chemistries, to publicly traded Evonik Industries for $640 million."
- [je.st](http://www.je.st/news/Evonik-Closes-640-Million-PeroxyChem-Acquisition,2537975.html), 2020-02-06: "Evonik closed the acquisition after the responsible court in Washington D.C. dismissed the lawsuit filed by the FTC to block the acquisition."
- [cen.acs.org](https://cen.acs.org/business/finance/Nettlesome-chemical-deals-close/98/i6), 2020-02-06: "The court decided that the FTC did not prove its case."
- [doi.org](https://doi.org/10.1021/cen-09806-buscon5), 2020-02-10: "Evonik Industries has closed its acquisition of PeroxyChem."
- [en.gz-jychem.com](https://en.gz-jychem.com/news/63.html), 2020-05-15: "Evonik Industrial Group Successfully completed the acquisition of PeroxyChem in the United States for 0 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.