For France-based Anjac, buying Cosmetix gives it a way to enter the U.S. beauty manufacturing market. Cosmetix, headquartered in Los Angeles, had $40 million in sales in 2018. The company has about 200 employees, and also has a research and development facility.
Cosmetix specializes in formulation, development, production and packaging for skin, hair care, hygiene and fragrance products. The business is said to have exposure to fast-growing areas of beauty, including clean beauty, Japanese beauty and men’s personal care, and is USDA Organic certified. Cosmetix manufactures beauty products for a variety of indie brands.
This is Anjac’s second international acquisition, following the purchase of Feltor Laboratories in Spain earlier this year.
The company said it is working to “bolster its position in the cosmetics and skin care sectors” in a statement, and that buying Cosmetix will further that mission.
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With the purchase of Cosmetix, Anjac is projecting 280 Euros in sales. The business now owns 10 companies, has 14 R&D sites and 1,700 employees.
The Anjac-Cosmetix deal is just one of many in the beauty manufacturing world. In August, Elkem ASA agreed to buy Basel Chemie, a Korean silicones supplier, for about $27 million. Earlier in 2019, Bain Capital bought a majority stake in Maesa, a beauty manufacturer and incubator.
Mana, a New York-based beauty manufacturer is also exploring sale options following the death of the company’s founder, according to the general manager.
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