In Finance

Sumitomo Corporation has acquired 90% ownership of the Paris, France-based cosmetic ingredients distributor SACI-CFPA. This acquisition is a strategic growth move for Sumitomo’s personal care business, which has a global distribution network throughout the US, Latin America, and Europe.

Established in 1980, SACI distributes ingredients to cosmetic manufacturers, develops formulations, and provides solutions to its customers, acting as one of the largest distributors dealing exclusively with cosmetic materials. SACI provides ingredients to over 300 companies throughout Europe including large French multinationals. The company’s product portfolio is heavily composed of naturally derived materials, which are in especially high demand throughout this market.

Sumitomo has steadily invested in the personal and beauty care industry through the company’s acquisitions of Presperse Corporation in the US, Cosmotec in Brazil, and Summit Pharmaceuticals Europe, the cosmetic business line of Kyowa Hakko Europe. The recent acquisition of SACI expands Sumitomo’s business in the European market and will provide quality cosmetic ingredients and technologies from various regions of the world. Sumitomo will work to integrate SACI into its current cosmetic distribution network, harnessing the synergy of each company’s product portfolio, R&D, and formulation knowledge, as well as regulatory expertise. Ultimately, these efforts will enhance the operations and sales opportunities for each company throughout their respective regions.

Photo: Samuel Zeller via Unsplash

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