Guelph, Ontario – April 12th, 2018 – Mirexus Inc., a Canadian biotechnology company, and Cargill Beauty, the personal care platform within Cargill, have agreed to enter into a long term strategic partnership, allowing Cargill Beauty to deliver Mirexus’ innovative, natural bio-active – PhytoSpherix™ – to targeted Cargill customers in the Global Personal Care market.
“This is a wonderful opportunity for Mirexus”, said Boris Segalowitch, President of Mirexus Inc. “We needed to accelerate our growth and with Cargill Beauty as our partner in just one step we have moved into the big leagues. By selecting us as a partner, Cargill Beauty has endorsed PhytoSpherix™ as a powerful bio-active. As part of their rigorous evaluation process, Cargill invested in various lab tests and clinical & consumer trials to validate and enhance Mirexus’ own data. And of course Cargill Beauty brings great expertise in sales, marketing, formulation and communication plus a vision and a start-up spirit that fit perfectly with us. We are thrilled to have this unique opportunity to expand the use of PhytoSpherix™ around the world.”
“Cargill Beauty offers a diverse range of nature-derived ingredients and a full-solution portfolio of skincare expectations from bio-actives. This is a category we plan to enhance in the future with a new line of bio-actives fitting with our current strategy. Mirexus has a similar vision for the future, and together we have a unique opportunity to expand the use of this special bio-active extracted from sweet corn using a patented, water-based, green manufacturing process in their dedicated new manufacturing plant in Canada”, said Tony Jaillot, General Manager, Cargill Beauty. “This is a great fit for Cargill Beauty, and we look forward to offering this unique bio-active around the globe.”
Both parties agree, the benefits of this partnership are clear: bring the best innovation with maximum market impact in the shortest time possible.
Cargill Beauty will showcase PhytoSpherix™ for the first time at In Cosmetics Global in Amsterdam, the new “pluri-functional phytoglycogen PhytoSpherix™, a unique, natural bio-active providing smooth skin after-feel, enhanced moisturizing, plus anti-aging and skin-tone benefits. It will also be incorporated into their new Cargill Beauty System 1.0 concept.
About Mirexus Inc.
Mirexus Inc. (www.mirexus.com) is a privately-held Canadian biotechnology company offering a new and sustainable source of plant-derived glycogen (phytoglycogen) for use in personal care and cosmetics products. The company is a subsidiary of Mirexus Biotechnologies Inc, (MBI) (www.mirexusbiotech.com). MBI was started in 2008 after University of Guelph researchers isolated monodisperse glycogen from plant sources.
About Cargill Beauty
Cargill Beauty (www.cargill.com/personal-care/personal-care) is the new Personal Care platform of Cargill, with the target to address ingredients challenges for the cosmetic market by unleashing nature sustainably.
Cargill Beauty offers a diverse portfolio of nature-derived ingredients, an integrated and responsible supply chain, state of the art research and application services and endless possibilities for the future. Cargill Beauty’s portfolio is composed of texturizers, emollients, emulsifiers, sensory enhancers and active ingredients to develop nature-based products for skin care, hair care, color care and oral care.
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 155,000 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.