November 2019 Spray 37
Mergers & Acquistions
Pressure Points
Continued from page 10
UK-based James Briggs Ltd., provider of aerosols and specialty
chemicals, was acquired by Tetrosyl, a European manufacturer
and supplier of car care products and one of the UK’s biggest
independent oil blenders. Tetrosyl bought the enterprise from
Endless, who, along with James Briggs management, had acquired
it from ITW in 2013. According to Insider Media Ltd., James Briggs
currently has the capacity to distribute up to 150 million aerosols
and 30 million liters of high performance product annually.
AptarGroup, Inc. has acquired a 49% equity interest in BTY, a
collection of Chinese manufacturers of decorative metal components,
metal-plastic sub-assemblies and cosmetics packaging
solutions. The acquisition includes Suzhou Hsing Kwang, Suqian
Hsing Kwang and Suzhou BTY. The deal will enhance Aptar’s local
presence and speed-to-market in China. Financial terms of the
agreement were not disclosed.
Shiseido Americas Corp. is set to acquire skin care company
Drunk Elephant for an undisclosed sum. Drunk Elephant will
be able to expand into new and existing markets in the Americas,
Europe and Asia and aligns with Shiseido’s VISION 2020 goal to
accelerate growth and create value through strategic partnerships.
Drunk Elephant Founding Partner & Chief Creative Officer,
Tiffany Masterson, will join Shiseido and continue in her roles, as
well as in the new appointment as Brand President.
CARB staff intends to issue its initial draft-proposed
VOC limits, definitions and enforcement provisions in early
November 2019 and to present a formal proposed regulation
to their Board in late 2020. It is important to note that
from the beginning of this process, HCPA staff and our Air
Quality Council members have been actively engaged in
meeting directly with senior CARB staff to present relevant
technical information about our members’ products. In
fact, at the HCPA Annual Meeting, attendees will be able
to hear directly from David Edwards, the Assistant Division
Chief of CARB’s Air Quality Planning & Science Division.
This is a very timely and extremely important opportunity
to hear directly from CARB senior leadership at a critical
junction in the regulatory process.
Whether it is legislative or regulatory, staying up-todate
with the policymaking that affects our products is of
critical importance for members of the aerosol industry.
If you have any questions about what is on the horizon at
the state, federal or international level, contact ngeorges@
thehcpa.org. Spray