Elementis, a global specialty chemicals company, acquired UK-based Alchemy Ingredients in a $22 million deal.WHO: Founded in 2008, Alchemy is a specialty formulation solution company, with a mantra to replace synthetic raw materials in cosmetic formulations with natural functional ingredients, without compromise. Its naturally derived blends provide formulators with high-performing solutions for oil gelling, emulsifying, and thickening. Alchemy’s key technologies revolves predominantly around oil gelling (Sucragel and Sapogel) and water gelling (Clearthix and Sclerothix).Elementis is a global specialty chemicals company listed on the London Stock Exchange composed of two focused, high-margin businesses: Personal Care and Coatings. The Personal Care business manufactures natural and synthetic rheology modifiers to deliver premium product performance for applications in skincare and cosmetics, as well as active ingredients for antiperspirants. The Group also owns and operates the largest high-quality hectorite mine in the world. Hectorite is a rare, high-purity clay mineral rich in magnesium and lithium, known for its ability to control viscosity, stabilize formulations, and deliver smooth, consistent textures, making it ideal for clean-label, high-performance formulations. Elementis employs 1,000 people across 20 global locations.WHY: Alchemy is consistent with the Group’s Elevate Elementis strategy, which seeks to make disciplined, high-quality bolt-on acquisitions to further strengthen the Group’s core specialty additives capabilities and accelerate sustainable long-term growth.