SOURCE: The HallStar Company

The HallStar Company

May 31, 2011 10:07 ET

HallStar Acquires Personal Care Ingredients Supplier, B&T S.r.l,

Purchase of Italy-Based Olive Derivative Leader Extends Naturals Platform

CHICAGO, IL--(Marketwire - May 31, 2011) - The HallStar Company, a Chicago-based specialty chemistry company, has acquired the B&T S.r.l, a worldwide leader in the development of high-performance natural ingredients based upon olive chemistry for use in personal care products. The acquisition -- the second within the naturals segment of the personal care ingredient industry -- bolsters HallStar's position in serving the burgeoning market for personal care products featuring renewable natural ingredients.

With $3.8 billion in sales in 2009, the natural personal care ingredient market boasted a 14 percent compound annual growth rate from 2003 to 2009 as consumers demanded more and better products featuring natural ingredients in a host of personal care categories.

"The acquisition of B&T S.r.l represents an exciting next step in HallStar's strategic move into the naturals space," said John Paro, HallStar Chairman, CEO and President. "In addition to our broad portfolio of natural butters sourced globally by our BioChemica business, B&T brings HallStar a tremendous portfolio of branded products built on a strong patent portfolio, and strengthens our geographic footprint globally."

The B&T acquisition follows the purchase of BioChemica, a Melbourne, Fla.-based producer of exotic butters, which was announced in January. Since a rebranding effort in 2007, The HallStar Company has expanded its formidable position of supplying innovative ingredients to companies across a wide range of personal care product categories.

B&T has earned a reputation as a global leader in olive chemistry, having established an intellectual property portfolio supporting successful products such as Olivem® and Sensolene®.

"HallStar is committed to developing and marketing innovative personal care ingredients and to establishing a global naturals platform," said Mr. Sergio Amari, Managing Director of B&T. "Together, we will accelerate the growth of a global personal care naturals platform based on producing high-performance products from natural ingredients."

Under the direction of Mr. Amari, B&T's founder, the current staff will continue to service its global customer base from its Arcore, Italy headquarters.

About The HallStar Company

The HallStar Company (www.hallstar.com) is a privately held corporation that traces its roots back over 90 years. HallStar focuses on providing innovative chemical solutions for its customers in more than 50 countries across six continents. HallStar Innovations Corp., the group's research and development affiliate, has developed more than 100 patents.

Right Chemistry...Positive Solutions

About B&T S.r.l

B&T is the world's leading company dedicated to the identification, development, and industrial production of high-tech standardized raw materials based on Olive Chemistry within the personal care ingredients market. Offering a complete range of exclusive, highly skin-compatible Liquid Crystal/Peg-Free emulsifiers, very mild surfactants, stabilizing agents, emollients and active ingredients, all B&T ingredients are derived from Olive Chemistry through unique and innovative technology. B&T concentrates its manufacturing and distribution operations in more than 40 countries around the world, in Europe, Asia, and the Americas.

Learn about unique technologies and innovative chemistry solutions at www.hallstar.com/starnet and follow HallStar on Twitter at www.twitter.com/hallstar.

Contact Information

  • For Additional Information:
    Bob Drake
    312.621.0700

    The HallStar Company
    +1 312 385 4494
    www.hallstar.com