Mergers & Acquisitions
Firmenich has confirmed that it has successfully completed the
acquisition of Piscataway, NJ-based Agilex Fragrances, a North
American fragrance company serving mid-sized customers. Financial
terms of the deal have not been disclosed.
Additionally, Firmenich recently launched a new, state-of-theart
manufacturing center in Somerset County, NJ.
Coty and Chalhoub Group announced they have renewed
their long standing partnership through their Coty Middle East
FZCO joint venture. The agreement enables Coty to expand its
go-to market capabilities and provide consumers in the region
with even greater access to Coty’s brand portfolio across Luxury,
Consumer Beauty and Professional Beauty divisions. Following
the 2016 merger of the P&G Specialty Beauty Business into
Coty, both parties have agreed to reinforce their partnership to
allow the integration of the P&G Specialty Beauty brands within
the joint venture.
Unilever announced that it has signed an agreement to acquire
Hourglass, a luxury color cosmetics brand.
TricorBraun has entered into a definitive agreement to acquire
Canadian-based Salbro Bottle, a 27-year-old packaging solutions
company, according to Keith Strope, President & CEO of Tricor-
Braun. As part of the deal, TricorBraun will acquire enhanced
rapid prototyping.
CARTOON CAPTION CONTEST: Here, we provide an aerosol
cartoon in need of a caption. Send captions
to acaridad@spraytm.com by August 7, 2017. Please put
‟Cartoon Captionˮ in the subject line. Keep submissions
clean, please! The authors of the three best captions, as
judged by our esteemed staff, will be published in the
September issue. See page 6 for full details.
76 Spray August 2017
Univar BV, a subsidiary of Univar Inc., announced the extension
of its exclusive agreement in Italy with Hallstar to include
five additional countries: Spain, Portugal, Greece, France and
Benelux. With this expanded agreement, Univar now offers
more products across southern Europe and up to Benelux,
including mineral UV filter systems, active ingredients, natural
exotic oils, natural butters, photostabilizers, antioxidants,
emulsifiers/surfactants, emollients, solubilizers and stabilizing
agents.
Stepan Co., through a subsidiary in Mexico, reported that
it has reached an agreement with BASF Mexicana, S.A. DE
C.V. to acquire its surfactant production facility in Ecatepec,
Mexico, and a portion of its associated surfactants business.
The Cosmint Group, manufacturer of skin, hair and body
care, and The Intercos Group, manufacturer of color cosmetics
and skin care, announced a partnership between the two
groups.
European beauty retailer Douglas has completed the acquisition
of Spanish perfume company Grupo Bodybell, taking
over the entire business, comprising 223 perfumeries, two
online shops, Bodybell’s logistics platform, its wholesale business
and a cash-and-carry unit. Together with its existing stores
in the country, Douglas now operates a network of 280 stores
in Spain.
Online retailer Amazon.com agreed to purchase upscale
grocery chain Whole Foods for $13.4 billion. The purchase of
Whole Foods represents a major escalation in the company’s
long-running competition with Walmart, the largest grocery
retailer in the U.S., which has been struggling to make a
dent in internet shopping, according to the New York Times.
Recently, Walmart announced a $310 million deal to acquire
the internet apparel retailer Bonobos, and last year it agreed to
pay $3.3 billion for Jet.com.
Church & Dwight Co., Inc. signed a definitive agreement to
acquire oral care company Water Pik, Inc. for approximately
$1 billion in cash. The transaction, which is subject to regulatory
approval and other customary conditions, is expected to
close in the third quarter.
Valeant Pharmaceuticals International, Inc. has entered into
an agreement to sell its Obagi Medical Products business for
$190 million in cash to Haitong International Zhonghua
Finance Acquisition Fund I, L.P. Obagi is a global specialty
pharmaceutical company founded by skincare experts in 1988.
Liberty Interactive Corp., parent company of televised home
shopping network QVC, has announced that it will acquire
the 62% of The Home Shopping Network (HSN, Inc.) it
does not already own in an all-stock transaction that’s valued
at more than $2 billion. Spray