Cargill is getting back into the candle business with the purchase of NatureWax, a market-leading provider of natural waxes.
Minnetonka-based Cargill owned NatureWax from its inception in the late 1990s until 2007, when it was sold to its current parent company, Elevance Renewable Sciences. Cargill said Tuesday that it has bought back NatureWax for an undisclosed price.
Woodridge, Ill.-based NatureWax makes vegetable-based waxes, which Cargill says are gaining in popularity because they burn cleaner and longer than petroleum-based paraffin waxes. Vegetable waxes are also easier to imbue with fragrances.
NatureWax will be part of Cargill’s bio-industrial business.