May 1 2017, David R Brown
Safic-Alcan acquires cosmetics ingredients distributor in Poland
Safic-Alcan Poland, distributor of specialty chemicals and subsidiary of the Safic-Alcan Group, has announced that it has acquired the business of Cosmetics Partner, a Polish distributor specialising in the personal care sector. The company is the exclusive Polish distributor for Greentech, Inovia and other leading boutique suppliers.
This acquisition will reinforce our presence in Eastern EuropePhilippe Combette
CEO of the Safic-Alcan Group
“The acquisition of the Cosmetics Partner business will enable us to diversify our range of personal care ingredients and to widen our portfolio offering in Poland”, stated Yann Lissillour, Director of Mergers and Acquisitions for the Safic-Alcan Group.
C Safic-Alcan Polska Sp z o.o. was established over 10 years ago and is based in Warsaw with 2 warehouses in Gdansk and Tychy. The company operates in markets such as rubber, adhesives, plastics, bitumen modifiers, paint and lacquers, as well as cosmetics and pharmaceutical ingredients. Through Cosmetics Partner distributes, Safic-Alcan will add natural ingredients, such as actives, extracts and complexes of extracts, vegetable oils and butters, essentials oils, scrubs and dyes to their product range in the country.
“This acquisition will reinforce our presence in Eastern Europe, strengthen relationships with some key suppliers, and provide a solid platform for further growth in the Polish personal care market”, said Philippe Combette, CEO of the Safic-Alcan Group.
Safic-Alcan, a French multinational distributor of specialty chemicals headquartered in Paris-La Défense (France), develops and provides a large range of polymers, materials and additives for the rubber, coatings, pharmaceuticals and cosmetics industries. The Group is present in all major countries of the European Union, as well as in Turkey, and China with on-going strategic development in Eastern European countries and the USA. In 2015, Safic-Alcan posted nearly EUR 466 million.
Source(s): Safic-Alcan Press Release