Actera Ingredients, a Newtown, PA-based innovator of functional and sensory cosmetics ingredients, received an investment from Arcline Investment Management.
The amount of the deal was not disclosed.
This is anticipated to be the first of several acquisitions as Arcline, a growth oriented private equity firm with $1.5 billion of capital under management, builds a bio-actives personal care platform.
Led by CEO Dan Winn, Actera is advancing functional and sensory cosmetics ingredients, including bio-actives for hair and skin care as well as specialty personal care preservatives derived from nature.
The company offers a range of ingredient technologies for cosmetics, hair care, household, flavors and fragrances and related personal care uses.