Enzymatica signs supply agreement with German cosmetic company Maren, amounting to a value of SEK 120 million over a period of three years
Enzymatica’s subsidiary Zymetech has entered into an agreement with the German company Maren Cosmetics for delivery of an enzyme formulation based on Enzymatica’s patented barrier technology, which will be used in Maren’s skin care products. Maren develops, manufactures, markets and sells cosmetic skincare products under its own brands in EU and rest of the world. The value of the agreement amounts to SEK 120 million1 for a three year period. For the first 12 months the order value amounts to about SEK 15 million, whereof SEK 3.5-5 million is estimated to occur during 2019. During the second