Mergers & Acquisitions

Cargill buys back NatureWax from Elevance Renewable Sciences

Cargill buys back NatureWax from Elevance Renewable Sciences
Photo courtesy of Cargill.

Cargill  has  acquired NatureWax, a  market‑leading  provider  of  natural, vegetable‑based  waxes. Cargill  owned  NatureWax, based in Woodridge, Ill., U.S.A.,  from  its  inception  in  the  late  1990s  until  2007. In  2007,  it  was  sold  to  its current  parent  company, Elevance  Renewable  Sciences, Inc. Cargill  only  purchased  the  NatureWax business  back  from  Elevance. Terms  of  the  agreement  were  not  disclosed.

Going  forward, Elevance  will  focus  its  efforts  on  developing  its growing  metathesis  products  business, a  technology  that  creates  chemical  intermediates  from vegetable‑based  feedstocks  more  economically  than  traditional  methods.

As full  owner  of  NatureWax, Cargill  will  use  its  global  supply  chain  management  strengths  and  its technical  innovation  capabilities  to  provide  waxes  superior  to  petroleum‑based  paraffin alternatives.

Vegetable‑based  waxes  are  gaining  in  popularity  because  they  burn  cleaner  and longer,  and  because  it  is  easier  to  imbue  them  with  fragrances.

“NatureWax  has  a long  history  of  providing  superior  technical  service  to  help  its  customers, creating  differentiated  products  and  streamlining  supply  chains,”  said  Cargill  Industrial  Specialties Global  Managing  Director, Kurtis  Miller.  “And  Cargill’s  customers  are  asking  us  to  help  meet  their growing  demands for  bio‑based  products  with  enhanced  performance  and  functionality. Our customers  will  benefit  greatly  from  the  combined  strengths  of  our  two  companies,” he said.

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