May 2019 Spray 47
Mergers & Acquistions
Unilever has made a binding offer to acquire Garancia.
Founded in 2004 by pharmacist Savéria Coste,
the French derma-cosmetic brand states it combines
clean formulas with science. Garancia has 38 skin care
products sold in pharmacies in France. Terms of the
offer were not disclosed.
Dow has completed its separation from DowDuPont
in an effort to become a more focused and streamlined
company in the materials science industry. Dow
consists of packaging,
infrastructure
and consumer care
segments that will leverage innovations
in ethylene, propylene and silicones. Dow’s new tagline is “Seek
Together” and the company will retain the iconic 120-year old Dow
Diamond logo.
Cottage Holdco BV, an affiliate of JAB Holding Co., has made a
tender offer to purchase up to 150 million shares of Coty Inc.’s Class
A common stock. Terms of the deal were not disclosed. The offer will
be subject to regulatory approvals and clearances.
Independent Cosmetic Manufacturers & Distributors (ICMAD)
and Beauty Cluster Barcelona (BCB) have created an international
collaboration agreement to promote business relationships, opportunities
and knowledge sharing
between the two entities, and raising
the profiles of its members
internationally. Future projects
will include networking events,
joint research projects, data sharing, market surveys and corporate
social responsibility actions.
FusionPKG has acquired Architectural Beauty for an undisclosed
sum. Architectural Beauty is a Paramus, NJ-based cosmetic formulation,
marketing and turnkey provider. The
acquisition is expected to support FusionPKG’s
expansion strategy and turnkey capabilities.
Architectural Beauty’s staff is expected to remain
in place and operate at current capacity.
Charkit Chemical Co. has created an exclusive representation
agreement with Panacea Life Sciences of Golden, CO to distribute
hemp-derived cannabidiol (CBD) products to the personal care and
cosmetics industry. This global agreement covers distribution of
Panacea Pure hemp oil, CBD isolates and CBD distillates produced
at Panacea’s 43,000 sq ft plant, laboratories and center in Golden.
Panacea Pure hemp CBD isolate is guaranteed to be 99.9% pure
by the company and is sourced from organic hemp grown in the
U.S. The CBD industry is expected to grow to $19 billion by 2022,
Charkit said.