European beauty retailer Douglas expanded its Spanish operations with the acquisition of Grupo Bodybel, one of the leading perfumery chains in Spain. The companies have not disclosed financial details of the transaction. The Lubrizol Corp. announced that its Skin Care and Dermal Care segments will now be combined and operate under the new name, Lubrizol Skin Essentials in order to help boost creativity with innovation, technical and regulatory support, and flexibility in supply and delivery. Inovia International announced it will represent the Fairoils Group in the UK and Ireland. Fairoils is a group of companies focused on the production of natural essential and vegetable oils for the personal care industry, with a particular emphasis on ethical farming partnerships in Kenya, Madagascar, Uganda, France and Serbia. Evonik will acquire personal care specialist Dr. Straetmans GmbH, which specializes in developing and marketing alternative preservatives for the personal care and cosmetic industry. Dr. Straetmans, which employs over 60 people, will continue to operate as a legal entity. The company’s Hamburg, Germany site will become Evonik’s global competence center for preservative solutions. CPL Aromas announced a formal agreement with Plant Lipids to source sustainably-sourced essential oils from farmers in Sri Lanka, ensuring sustainable farming practices such as contract farming, buy back guarantees, a fair price for the product and local farmer support. In addition, CPL Aromas claims that the farming practices employed will minimize the environmental impact on the region and ensure water conservation and protection. Silgan Holdings Inc. announced that it has completed its acquisition of the dispensing systems business of WestRock Co., global supplier of triggers, pumps, sprayers and dispensing closure solutions for the home, health and beauty markets. WestRock operates a global network of 13 plants across North America, Europe, South America and Asia. The business generated sales of approximately $570 million in 2016. The purchase price for the acquisition was $1.025 billion. Aerosol and consumer chemicals manufacturer James Briggs has completed the renewal of a £7.5 million ($9.31 milion) funding deal to support future growth and investment in new product innovation. The renewal of an existing committed working capital facility with Royal Bank of Scotland Invoice Finance (RBSIF) is extended to the end of September 2018. The Oldham, UK-based James Briggs, majority owned since 2013 by transformational investor Endless LLP, was founded in 1830 and now employs more than 400 people at two sites in the town. Mergers & Acquisitions 44 Spray May 2017
Spray May 2017
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