The burgeoning specialty chemical business, serving the cosmetics industry, has warranted several business moves of note lately, from facility expansions, to company restructurings as well as patented ingredient purchases.
Founded in 1997, Wilshire Technologies supplies its cosmetics industry clients with both natural and synthetic chemicals—ranging from antioxidants and exfoliants to antimicrobials and phytosterols.
The company’s move comes about now because of “the increasing demand for the company's core offerings in technology development and custom manufacturing,” according to a media release.
Explaining further Kim Rodman, director of sales and marketing at Wilshire says, "This expansion will allow us to broaden our product portfolio and services while providing us the opportunity to serve our clients with even greater efficiency from a single location."
The company will likely make new hires to keep up with consumer demand: “The move, which will allow us to both expand our workforce and increase our personnel productivity, represents Wilshire Technologies' commitment to continue to build on the successes of the past 20 years,” says Joe San Filippo, company president, in the release.
"The entire company is excited to be growing so rapidly,” he adds.
Oxea, a global firm that manufactures oxo intermediates and oxo derivatives for use in cosmetics, fragrances, and other industries, announced this month that its new world-scale Propanol production unit will be on line before the end of 2017. The unit will be part of that company’s existing plant in Bay City, Texas.
Vantage grew its specialty chemical business early this summer by acquiring the anti-acne ingredients Curoxyl and Curcylic from Essential Ingredients. Whereas, New Jersey–based Sun Chemicals expanded in August with the acquisition of Kingfisher Colours Limited. And around the same time, Safic-Alcan took over a majority stake in ChemSpec of Ohio.
Last month, Ashland announced the restructuring of its business with a distinct focus on specialty chemicals. “The renewed focus of the specialty chemicals business will be on higher-margin, highly differentiated core product lines that will be enhanced by a busy product innovation line driving frequent new product launches,” reported Cosmetics Design at the time of the reorganization.