Safic-Alcan Acquires Majority Stake in Avees Biocos
Safic-Alcan has announced the acquisition of a majority stake in Avees Biocos Private Limited.
Safic-Alcan has announced the acquisition of a majority stake in Avees Biocos Private Limited.
Safic-Alcan, a major distributor of specialty chemicals, announced that it has acquired a majority stake in Avees Biocos Private Limited, a leading personal care chemical distributor in India. Established in 2007 by Rahul and Deepti Sawhney, under the guidance and leadership of the late Mr G.K. Sawhney, Avees Biocos laid the foundations as the perfect partner to help source advanced technology ingredients and help formulate unique cosmetic products.
Avees offers products such as biopolymers, preservatives, emollients, sensory modifiers, UV Filters, active ingredients for skin and hair care, emulsifiers, fragrances and functional polymers. Based in Gurugram, Avees relies on a state-of-the-art innovation center to develop unique formulation solutions for its clients.
Yann Lissillour, CEO of the Safic-Alcan Group, commented: "This is a strategic move for Safic-Alcan to diversify its activities in the Asia Pacific region and reinforce its personal care footprint with strong synergies now across continents. We are delighted to join forces with Rahul and Avees Biocos team."
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