NEWS
US ingredient maker Hallstar acquires Sytheon
US speciality chemical manufacturer Hallstar has acquired compatriot skin care actives maker Sytheon for an undisclosed sum. All Sytheon employees and
product portfolio will join Hallstar’s Beauty & Personal Care business. Headquartered in New Jersey, with subsidiaries in France and Singapore, Sytheon’s active ingredients include Sytenol A, a 99%+ pure bakuchiol and claimed to be the only REACH registered and China-allowed bakuchiol with a complete toxicology dossier. Sytheon was founded in 2006
by Dr. Ratan K. Chaudhuri after building a decades-long career in industry and academia. Chaudhuri and chief operating
officer François Marchio will continue leading the Sytheon
product line and will play key roles in leveraging Hallstar’s global reach and capabilities to drive growth and profitability.
“The decision to join Hallstar
was made carefully. It came down to finding a partner where not just our global revenue could grow but our people could develop. We are long admirers of Hallstar – its innovation as well as its strong leadership and long-term outlook,” they said. “The team at Hallstar recognizes the quality and potential of our
ingredients. We have a high degree of confidence that becoming part of Hallstar Beauty will fuel future growth and increase our penetration with existing and future customers.” Carmen B. Masciantonio,
Hallstar President and COO, said: “Sytheon and Hallstar share an innovation-focused, research- first strategic model, and a nimble, asset-light approach to operations. Sytheon’s unique, high-performance products and capabilities fit very well within our ingredient portfolio.” Hallstar CEO John Paro added:
“I believe Sytheon and Hallstar have an especially strong affinity as ethical, vital players in the industry. Together, we can do great things for our customers and, importantly, for our own people around the world.”
Eternis Fine Chemicals obtains Sharon
Indian manufacturer Eternis Fine Chemicals has acquired 100% of Israeli cosmetic ingredients maker Sharon Personal Care. The Mumbai-based firm’s new assets include Sharon’s innovation labs and manufacturing capabilities in Italy and Israel, distribution sites in the US, Italy, Germany, and France, as well as its global distribution network. Sharon will maintain its product
lines under the same brand name but with a modified identity infused with elements of Eternis, which is a wholly-owned family business founded in 1988 originally as Hindustan Polyamides and Fibres.
Rebranded as Eternis Fine
Chemicals in 2015, the company has four manufacturing facilities in the Indian state of Maharashtra with a total capacity of over 66,000 tons per year of aroma chemicals. Eternis, which has a turnover
of over $250m and over 600 employees, said the acquisition widens its portfolio into the growing personal care segment. “The addition of this large
personal care pure-play and high- end manufacturer enhances our business and brings with it many strategic advantages,” said CEO Wilfrid Gambade. “This acquisition will further
establish ourselves in Europe and US, with the ability to service our customers with products under new segment from the sites, stock hubs and offices there,” he added. Sharon CEO Naama Eylon said:
“Our combined manufacturing and distribution footprints across India, Europe, Asia and US will offer a robust supply chain.
Safic-Alcan makes India move for Avees Biocos
French speciality ingredient distributor Safic-Alcan has acquired a majority stake in Avees Biocos, a personal care chemical distributor in India. Based in Gurugram on the
outskirts of Delhi, Avees Biocos has an innovation centre to develop unique formulation solutions for its clients. Avees offers products such
as biopolymers, preservatives, emollients, sensory modifiers,
www.personalcaremagazine.com
UV filters, active ingredients for skin and hair care, emulsifiers, fragrances and functional polymers. Established in 2007 by Rahul
and Deepti Sawhney, under the guidance and leadership of the late G.K. Sawhney, Safic-Alcan says Avees Biocos laid the foundations as the perfect partner to help source advanced technology ingredients and help formulate unique cosmetic products.
“This is a strategic move for
Safic-Alcan to diversify its activities in the Asia-Pacific region and reinforce its personal care footprint with strong synergies now across continents. We are delighted to join forces with Rahul and Avees Biocos team,” added Safic-Alcan CEO Yann Lissillour. In a related development,
Safic-Alcan won a Laura Marshall Memorial Award for Innovation at the SCS (Society of Cosmetic
Scientists) Formulate conference and exhibition in Coventry, UK. Safic-Alcan won the
Sustainability and Ethics category award for Beauty Unmasked – a 99% natural, biodegradable, microplastic-free, dissolvable sheet mask formulation.
January 2025 PERSONAL CARE
Symrise snaps up Swedish biotics
maker Probi Symrise has acquired 90.2% of Swedish bioengineering outfit Probi, which specialises in the research and manufacture of biotic ingredients. The German ingredients maker made a SEK350 ($32) per share offer for all Probi stock listed on the Nasdaq Stockholm Mid Cap exchange. Previously, Symrise owned
69.7% of Probi having been a shareholder since 2012. In 2019, Symrise announced
it was working with Probi to develop probiotic-based cosmetic ingredients for topical applications that are suitable for particularly sensitive and dry skin. “Through its active involvement,
Symrise has deep knowledge and understanding of Probi, its operations, and the market it operates in,” said Symrise in a statement. “Symrise has a long-term belief
in Probi since the company has a very attractive product offering that makes the health-enhancing benefits of probiotics available to people everywhere, and a fantastic global team,” it added. “By joining forces, we will
further strengthen our respective capabilities to serve the market with leading customized solutions, unlocking even greater value for customers globally.”
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