Mergers & Acquistions
Feminine sexual wellness brand Queen V has been
acquired by Reckitt Benckiser (RB) for an undisclosed
sum. The Queen V brand was founded in 2018 in
California. It will become part of RB’s Health Global
Business Unit, joining brands KY and Durex.
Shiseido Co. has reportedly agreed to sell its drug store
brands including Tsubaki hair care and Senka skin care
to CVC Capital Partners in a deal worth 160 billion yen
($1.5 billion), according to bloomberg.com. CVC plans to
create and oversee a holding company that could go public
in the future. Shiseido is shifting its focus to manufacturing
and marketing high-end skin care products.
Pritzker Private Capital (PPC) has acquired the Vertellus
group of specialty chemicals companies for an undisclosed
sum. PPC’s investment is joined by that of John Van Hulle, President
& CEO of Vertellus, and other members of the Vertellus
management team, who will continue to lead the business. Vertellus
manufactures more than 700 products from 10 manufacturing
sites in the U.S., UK, India and China.
Ashland is acquiring the personal care business of Schülke &
Mayr GmbH for €262.5 million ($317.9 million). The all-cash
transaction is expected to be completed by the end of June. The
merger will advance Ashland’s environmental, social and governance
agenda for personal care and household applications.
Bain Capital and Cinven are acquiring Lonza’s Specialty Ingredients
division. Terms of the deal were not revealed. Lonza plans to refocus
on its drug and health care business.
To bolster its capabilities in Artificial Intelligence, Givaudan is set
to acquire Myrissi for an undisclosed sum. Myrissi has developed a
patented AI technology that translates fragrances into color patterns
and images based on a unique consumer-centric approach, and can
help predict a consumer’s emotional response. Myrissi has modeled
the link between colors, emotions and fragrances based on data from
more than 25,000 consumers. Spray
Regulatory Issues
Continued from page 8
45 days to review these documents and comment before March 22,
2021. The CARB board Board will then have a meeting on March
25, 2021 at 9:00am PDT. The Board meeting may continue to March
26, if needed.
As I have been saying for months, if these amendments affect your
company, you now have fewer than 45 days to comment. If you support
CARB’s proposal, comment on this also. During the Board hearing,
the public gets three minutes to testify—that is not a lot of time.
I highly suggest you review the documents at: ww2.arb.ca.gov/
rulemaking/2021/consumerproducts2021?utm_medium=email&utm_
source=govdelivery. Spray
March 2021 Spray 37