Charles Tennant forms JV with Essa Technologies to develop new natural-based feel modifiers, gelling agents for personal care, cosmetic, pharmaceutical industries as alternatives to synthetic ingredients
August 25, 2011
– Charles Tennant & Company (Canada) Ltd, a division of the UK-based Tennant Group of Companies, has formed a joint venture with ESSA Technologies (US) LLC, as part of its focus on strategically developing new and innovative ingredients for the personal care, cosmetic and pharmaceutical industries.
The joint venture is a strategic alliance of ESSA Technologies’ natural-based technology platform and the global resources of Charles Tennant & Company Ltd and is designed to expand and support the market development opportunities within the global personal care and cosmetic markets.
ESSA Technologies is a specialty ingredient supplier of natural based feel modifiers and gelling agents designed to offer the global personal care and cosmetic markets unique, natural based ingredients as functional alternatives to traditional synthetic ingredients.
“Meeting the increased demand by global beauty care manufacturers to provide natural-based, cost-effective, functional alternatives to synthetic ingredients is a primary objective of ESSA Technologies current and future product portfolio," explained Chris Tarletsky, president and founder, ESSA Technologies. "Our Essachem natural-based ingredients provide excellent sensory and texture properties while also allowing chemists to modify the rheological profiles of oils without compromising the desired feel and conditioning attributes of the formulation.”
“The strategic integration of Charles Tennant and Company’s global resources and infrastructure will enhance the sales, marketing, and customer support for ESSA Technologies natural-based product portfolio,” added Kathie Taylor, executive VP-sales and marketing, Charles Tennant & Company.“The partnership between the two companies is in support of Charles Tennant''s ongoing strategic initiative to venture or acquire technology driven companies in key strategic markets like personal care and cosmetics.”
Charles Tennant & Company Ltd and ESSA Technologies are mutually excited about the formation of this partnership as they align their resources and strategic initiatives to meet and exceed the customer service requirements and product development needs of the global personal care and cosmetic markets.