Anjac Health & Beauty is acquiring Stephid, expanding the company's offering in the fragrance market.
Anjac will be able to benefit from Stephid's cutting-edge expertise in top-of-the range manufacturing, packaging and kitting, with unique, tailor-made services of the highest quality.
Stephid expects to achieve a double-digit turnover growth of almost €15m by 2023.
The management team will remain the same for Stephid.
Aurélien Chaufour, president of Anjac Group, said, "We are very pleased to welcome Stephid teams to our fast-growing group. Stephid is recognized by major French and international brands for its unique know-how, responsiveness, and outstanding logistics services. This merger will enable us to offer our premium and luxury customers complementary expertise to support the development of their cosmetics and perfume ranges."
Yannick Demoulin, CEO of Stephid, said, "Joining Anjac will help support Stephid's growth. Being backed by a solid group with a high production capacity and a complementary customer portfolio, whose values of innovation, quality and sustainability we share will be key to our success. Anjac Group shares both our moral and social values, which naturally led us to this choice."