Enza Biotech, a Sweden-based renewable surfactants manufacturer spun out of Lund University, has been acquired by specialty chemicals company Croda International for an undisclosed sum.
Founded in 2012, Enza Biotech has developed renewable surfactants – compounds that lower the surface tension between two liquids or between a liquid and solid – that have applications in the cosmetics and personal care industry.
The surfactants, called Olmag, serve as an environmentally-friendly alternative to polysorbate, the emulsifiers currently used in many consumer products…
