Cargill has acquired NatureWax, a 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.
Elevance will then 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 owner of NatureWax, Cargill will use its global supply chain management strengths and 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.
This acquisition further expands Cargill’s ability to serve makers of vegetable-derived, bio-based industrial products.
