2016: The year's biggest Cosmetics Technology stories
Mibelle Group acquired Procter & Gamble's Ondal Sarl production site in Sarreguemines, France, and Evonik signed a purchase agreement to buy Alkion Biopharma, which manufactures cosmetic active ingredients. Cosmetics-technology.com wraps up the key headlines from 2016.
Switzerland-based beauty and personal care products Mibelle Group agreed to acquire Procter & Gamble's (P&G) Ondal Sarl production site in Sarreguemines, France.
Effective from July, 2016, the deal is expected to enable Mibelle to boost its international growth strategy.
Germany-based specialty chemicals company Evonik signed a purchase agreement to buy Alkion Biopharma, a French-based company that manufactured biotechnologically developed cosmetic active ingredients.
The purchase was scheduled to be completed in April, 2016, and the agreed amount was not disclosed. Evonik was expecting to expand its portfolio of personal care business line in the area of speciality active ingredients.
Alkion was established as a spin-off of the Imperial College London in 2011, mainly involved in the extraction of cosmetic actives from plant biomass.
South Korean cosmetics brand Accoje was set to release three new products under its Whitening Capsule line.
Products in the range include Accoje whitening capsule essence, Accoje whitening capsule ampoule, and Accoje whitening capsule cream.
The company claimed that the line received attention from overseas buyers in China Beauty Expo in Shanghai and Beauty World Japan.
Image: The three products under Accoje Whitening Capsule Line. Photo: courtesy of Accoje.
Private investment firm Clayton, Dubilier & Rice (CD&R) approved a $415m acquisition of High Ridge Brands Brynwood Partners.
The acquisition was valued at around $415m. Additional financial details were not disclosed.
High Ridge Brands is a manufacturer of skin cleansing and haircare products in North America.
Johnson & Johnson Consumer agreed to acquire privately held hair and personal products company Vogue International for around $3.3bn in cash.
Johnson & Johnson intended to boost the consumer business with this purchase, reported The Wall Street Journal.
The purchase also includes brands such as the OGX collection of shampoos, conditioners, bath, and bodycare products, styling products, and the FX line of hair styling products, and the Proganix and Maui Moisture haircare lines.
Revlon purchased Coty's international Cutex businesses, which mainly operates in Australian and the UK markets.
Following this purchase, Revlon consolidated Cutex brand's global operations under its management.
Sephora introduced a new website tool to assist women to find products that are suitable for curly hair.
The online service was launched as part of its latest initiative, 'It's a Curl Thing', reported Madamenoire.com.
This initiative was launched In May, 2016, and continued until mid-June, reported Refinery29.com.
L'Oréal inaugurated its new research and innovation (R&I) centre in South Africa.
The new facility is L'Oréal’s seventh global R&I centre, which is intended to study African hair and skin specificities, as well as sub-Saharan consumers’ beauty routines.
L'Oréal's research and innovation executive vice-president Laurent Attal said: “By opening this new research and innovation centre, we are spearheading L'Oréal Research for the African continent."
US-based multinational consumer goods company Proctor & Gamble (P&G) partnered with global wholesale trade platform Alibaba.com to boost its online expansion in the Chinese market.
The partnership is expected to see the launch of new products, brand building, and initiatives to boost customer engagement.
In addition, it will focus on market expansion and consumer-to-business to launch products in future.
US-based beauty products manufacturer Coty acquired hair styling appliances firm good hair day (ghd).
The deal was expected to be immediately accretive to Coty’s earnings. ghd was included into the professional beauty unit of Coty and became an independent entity.
The company's operations are now overseen by its existing chief executive officer Anthony Davey and management team, who report to Coty professional beauty president Sylvie Moreau.