Japanese cosmetics manufacturer Nippon Shikizai, through its French subsidiary Thepenier Pharma Industrie, has acquired Orléans Cosmetics, a French OEM company manufacturing cosmetic and fragranced products.
Effective January 26, 2017 the transaction is in line with Nippon Shikizai strategy to accelerate its global development and product portfolio expansion. In particular, the group aims to reinforce its positions in Europe by increasing its production capacity of cosmetic products and strengthening its R&D activities.
“As part of its important group management strategy, Thépenier Pharma will extend its product portefolio and know-how in the makeup category, and will be able to offer a full range of made in France products and services, similar to those already proposed by Nippon Shikizai in Asia and in North Alerica. Through this transaction, the Group will be able to increase its global production capacity and to accelerate globalization of its research and development, and marketing activities,” explains the company in a release.
Eventually, this merger should also encourage optimization of the group’s industrial organization in Europe, by allowing each site to be refocused on its key know-how and to continuously develop quality and original products through enhanced and more focused R&D teams.
Created in 1984 and acquired in 2013 as part of a development project carried out by its current CEO, Orléans Cosmetics employs around 30 people and achieved a turnover of 2 million euros in 2016 (rising by 40% compared to 2015).
