NatureWax acquisition expands Cargill’s bio-industrial portfolio
MINNEAPOLIS – April 19, 2016 - To help premium candle makers in North America meet the growing demand for cleaner, non-petroleum-based wax blends, Cargill has acquired NatureWax, a market-leading provider of natural, vegetable-based waxes.
Cargill owned NatureWax 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. 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.”
This acquisition further expands Cargill’s ability to serve makers of vegetable-derived, bio-based industrial products. Cargill has been providing bio-industrial solutions and investing in these capabilities for more than 60 years. Cargill’s offerings include personal care products, dielectric fluid, lubricants, detergents, agrichemicals, asphalt and CASE (coatings, adhesives, elastomers, sealants), flexible foams, paints, inks and coatings.
NatureWax is based in Woodridge, Ill. Terms of the agreement were not disclosed.
Pete Stoddart, 952-742-6608, [email protected]
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. We have 149,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.