According to the Amsterdam-headquartered firm, the deal, which includes IBT’s patented technology will allow the company to develop natural solvent-free ingredients, which it claims will set all-new standards in sustainability, reproducibility and efficacy.
Dr. Michael Koganov, one of IBT's founders, who will be joining AkzoNobel and leading the Zeta Fraction technology platform across AkzoNobel businesses, explained that the move will aid the company across all verticals.
"IBT's technology is based on fundamental scientific principles that allow for the isolation of intracellular components in a manner that is extremely reproducible, sustainable and can be used for multiple industries and applications," he said.
IBT's patented Zeta Fraction technology advances the ability to selectively isolate intracellular components from living plants and marine sources.
Patented natural ingredients
These ingredients are derived from living cells and isolated on the basis of their electrokinetic (zeta) potential. IBT claims that Zeta Fraction ingredients include only naturally occurring substances without any chemical modifications.
"Once you understand Zeta Fraction technology, you will be amazed at the clever and cutting edge science," said Rob Asselin, vice president of AkzoNobel Global Personal Care.
"Zeta Fraction ingredients allow personal care formulators to harvest truly potent solutions from nature."
AkzoNobel Global Personal Care partners with many consumer personal care businesses, providing development resources that create solutions for personal care technology needs according to the market in hair and skin care.
IBT, which has production facilities in Ossining, New York, has been working directly with AkzoNobel Global Personal Care for the past five years, developing ingredients for selected customers that are currently being used in personal care.
A new series of plant derived ingredients is planned for release to the general market in the fourth quarter of 2011.
"This is just the beginning of an exciting new era of truly sustainable, highly reproducible ingredients for personal care," said Asselin.