On the acquisition trail: Anjac completes CA$229 million deal with Apollo to boost presence in personal care
10 Jan 2022 --- Anjac Health & Beauty, an industrial group specialized in the formulation, manufacture and packaging of cosmetics, healthcare products, medicines and food supplements, has acquired Apollo Healthcare Corp, a Canadian company specializing in the development and production of hygiene and wellness products and over-the-counter solutions, including sunscreen products.
The move confirms Anjac’s international expansion and consolidates its offer in health and beauty to serve local and international brands and laboratories, notes the company.
Strong presence in personal care
Apollo was co-founded by brothers Charles and Richard Wachsberg, who remain shareholders and co-CEOs.
The company is headquartered in Ontario, Canada, and is one of the leaders in the development and manufacture of personal care and hygiene products in North America.
After those of Cosmetix West and Feltor in 2019, and that of Roval Cosmétiques in 2020, the Anjac group signs its eighth acquisition with Apollo in five years.
The Anjac group now has 13 companies, with 21 R&D and manufacturing centers, and its business volume has doubled in just three years to reach €600 million (US$680 million).
The move signals a larger industry presence for the companies.According to the company, each new acquisition represents an opportunity for the Anjac group to expand its service offering in specific areas, while taking advantage of the complementarity of these areas.
“Anjac’s established and proprietary credentials in personal care and OTC technologies will complement Apollo’s incomparable leadership in driving distinctive, strategic, and first to market product innovation for the benefit of its cherished family of customers,” he Charles Wachsberg, co-CEO of Apollo says.
“We are very pleased to expand our knowledge and technologies in North America thanks to this important acquisition. This represents great opportunities for our international customers, especially in terms of industrial strength and innovation,” explains Aurélien Chaufour, director general of the Anjac group.
Healthcare giants
France-based Anjac is an industrial group comprised of 13 companies developing and manufacturing beauty products, pharmaceuticals and medical devices. The group has 21 research, development, and production locations catering to the fields of beauty, health, hygiene and food supplement industry.
Canada-based Apollo Healthcare Corp. is one of the largest private label care product manufacturers in North America. Apollo caters to major North American retailers, but its products are sold globally. The manufacturer also creates custom products for contracted institutional clients.
Apollo’s shareholders overwhelmingly supported the move and voted to approve the arrangement during a special Christmas Eve meeting in 2021. Canadian authorities approved the partnership on January, 4, 2022.
Apollo’s acquisition is the latest of many within the personal care industry. Wellbeam Consumer Health just finalized acquisition talks with BioTRUST nutrition, a growing DTC nutrition brand. Meanwhile, AHAVA announced a partnership with Centric Software to expand its digital and brand launching capabilities
In December, men’s shaving care company Harry’s acquired Lumē Deodorant, signaling significant moves within the skin and odor care world.
Edited by Olivia Nelson
