TAGS: Sustainability / Natural Cosmetics
Perfumes & Fragrances
Skin Care
The cosmetics and personal care industry has witnessed some major merger and acquisitions in first half of 2021. As the world is still trying to recover from the COVID-19 pandemic, some companies have managed to take strategic decisions to grow and expand their businesses via acquisitions.
We have curated this write-up to help you stay up to date with the prominent acquisitions in 2021 so far.
Deals Transforming the Beauty Industry
DIC Completes Acquisition of BASF’s Global Pigments Business
BASF has closed the divestiture of its global pigments business to the fine chemical company DIC following the fulfillment of clearance conditions. The purchase price on a cash and debt-free basis is 1.15 billion euros.
BASF and DIC had reached an agreement on the acquisition of BASF’s global pigments business with about 2,600 employees on 29 August 2019.
Amyris Acquires Natural & Sustainable Hand Sanitizer Brand
Amyris has executed a binding term sheet for the
acquisition of OLIKA Inc. (OLIKA), an award-winning clean wellness company. The acquisition furthers Amyris' growth and market leadership in clean health and beauty and complements Amyris' family of consumer brands.
The brand currently offers three sustainable hand sanitizer collections with six essential oil fragrances.
Croda Completes Acquisition of French Fragrance House
Croda announces that its fragrances and flavors subsidiary,
Iberchem, has completed the acquisition of Parfex S.A. (“Parfex”), a fine fragrance business based in Grasse, France, for a total enterprise value of 45 million euros.
Croda has acquired a controlling majority 95.6% of Parfex’s outstanding shares, comprising the founding shareholders and certain minority investors. Croda ultimately expects to acquire 100% of the total outstanding share capital, subject to a potential tender offer and subsequent de-listing.
Ashland Completes Acquisition of Schülke & Mayr’s Personal Care Business
Ashland has completed the
acquisition of the personal care business from Schülke & Mayr GmbH, a portfolio company of the global investment organization EQT.
The completion of the acquisition strengthens Ashland’s consumer business portfolio and enhances the company’s specialty additives position while expanding the company’s biotechnology and microbiology technical competencies.
SEPPIC Buys EPI France to Strengthen Position in Nutricosmetics Market
SEPPIC acquires EPI France, a developer and manufacturer of active ingredients of natural origin for the nutricosmetics and beauty care markets.
This acquisition strengthens SEPPIC's expertise and know-how in botanical extraction and its position as a supplier of high-quality ingredients for the beauty market. With the transfer of know-how and EPI's internal production tools, SEPPIC masters the entire process of research, development and industrialization, from the extraction of raw materials to the active ingredients.
Givaudan Completes Acquisition of AI-based Fragrance Company
Givaudan has completed the acquisition of Myrissi to expand its capabilities in artificial intelligence (AI).
Founded in 2014 and based in France, Myrissi has developed a patented AI technology capable of translating fragrances into color patterns and images, relevant to the consumer as well as predicting the end consumer’s emotional response.
Lonza Sells Specialty Ingredients Business to Bain Capital and Cinven
Bain Capital Private Equity and Cinven have entered into
definitive agreements to acquire Lonza Specialty Ingredients (“LSI”), a division of Lonza AG, for a total enterprise value of CHF 4.2 billion.
“
Cinven and Bain Capital are delighted to invest in LSI, as a global leader in a specialty chemicals category that serves a critical need for society, across a broad range of end-markets,” commented Pontus Pettersson, Partner at Cinven.
Momentive Buys KCC’s Silicones Business
Momentive Performance Materials, Inc.
acquires KCC Corporation’s (“KCC”) Silicones business in Korea and the UK as well as its sales operations in China. The acquisition further enhances Momentive’s global capabilities in advanced silicones and specialized applications.
The acquisition will move the capabilities of KCC’s Silicones business from KCC Corporation, Momentive’s majority shareholder, to Momentive, consolidating the companies’ combined capabilities and expertise in advanced silicones.
SK Capital Completes Acquisition of Huntsman’s Shares in Venator
Huntsman Corporation completes the sale of approximately 42.4 million ordinary shares of Venator Materials PLC to funds advised by SK Capital Partners, LP.
"
We are pleased to have completed this transaction before year end enabling us to reduce our current tax obligations by USD 150 million. Venator has a bright future as TiO2 markets strengthen and the business continues to improve. I am confident that SK Capital has the capacity to even further enhance Venator's prospects,” commented Peter Huntsman, CEO and chairman.
Pritzker Private Capital Acquires Vertellus, a Specialty Chemicals Manufacturer
Pritzker Private Capital (“PPC”) acquires the Vertellus group of companies (“Vertellus”), a specialty chemicals manufacturer. PPC is investing alongside John Van Hulle, president and CEO of Vertellus, as well as other members of the Vertellus management team. Mr. Van Hulle and existing management will continue to lead the business.
“
Our partnership with Pritzker Private Capital will help us build upon Vertellus’ leading standard of quality, service and safety as we advance our growth strategy. PPC is the ideal partner for our exciting next chapter,” said Hulle.
L’Oréal Finalizes Acquisition of Japanese Skincare Brand
L’Oréal acquires the Japanese company Takami Co., a skincare brand owned by Doctor Hiroshi Takami, founder of two eponymous dermatological clinics in Tokyo.
L’Oréal also renewed a long-term brand licensing agreement with Doctor Takami and signed a collaboration contract with the Takami clinics. This acquisition should be completed in the next few weeks.
“
We are very pleased to welcome the Takami brand into our portfolio. Its reputation in Asia matches the remarkable quality of its products. Its expertise in prestigious beauty treatments and its omnichannel distribution make it a very complementary brand within L’Oréal Luxe,” commented Cyril Chapuy, president of L’Oréal Luxe.
Source: SpecialChem