Elementis Strengthens Personal Care Portfolio with Alchemy Ingredients Acquisition

Elementis plc (LON: ELM) has completed the acquisition of Alchemy Ingredients Limited, a UK-based personal care specialist, for approximately $22 million. The acquisition, finalized on November 26, 2025, aims to bolster Elementis' position in the growing natural skincare market.

Alchemy develops innovative and sustainable rheology modifier ingredients used in cosmetics and skincare applications. Their products, which include the Sucragel®, Sapogel®, Clearthix®, and Sclerothix® families, serve as natural alternatives to synthetic raw materials in cosmetic formulations.

The acquisition aligns with Elementis' “Elevate Elementis” strategy, focused on disciplined, high-quality bolt-on acquisitions to strengthen the company's core specialty additives capabilities and drive sustainable long-term growth. Elementis anticipates leveraging its global sales and distribution network to scale Alchemy's business.

Alchemy is projected to generate over $6 million in revenue for FY25, boasting attractive margins. The company's expertise in oil and water gelling technologies is highly synergistic with Elementis' existing hectorite products, potentially leading to new sensory profiles and textures in the Group's cosmetic and skincare offerings.

Driver Breakdown:

• Product Synergies: Alchemy's technologies complement Elementis' current portfolio, particularly in rheology and formulation solutions.
• Market Expansion: The acquisition provides Elementis with access to the rapidly expanding natural skincare market.
• Global Reach: Elementis' established global sales and distribution network will accelerate Alchemy's growth.

Luc van Ravenstein, CEO of Elementis, stated: “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.”