In 2007, the Lipoid Group acquired Cosmetochem to strengthen its position in the cosmetic market. Cosmetochem, a Swiss-based company, is internationally renowned for its production of high quality botanical extracts and actives. For more than 35 years Lipoid has been manufacturing high value lecithins and phospholipids derived from plant seeds and a wide range of natural phospholipid-based delivery systems. On the other hand Cosmetochem provides the actives and extracts that need to be encapsulated. Consequently, the two companies have merged their cosmetic activities to form Lipoid Kosmetik AG. The new company will continue to offer high quality natural products for use in skin care, skin repair and other applications in cosmetics.