Anjac Health & Beauty acquired Stephid, expanding the company's offering in the fragrance market.
WHO: Founded in 1989, Stephid is a French fragrance, filling, packaging, and finishing company. The business has expertise in small production runs and luxury products for 60 well-known brands.
Founded in 2008, Anjac Health & Beauty offers a full range of contract development and manufacturing services, from concept and product development to analytical testing, industrial scale-up, regulatory approval, and lifecycle management.
WHY: The acquisition will expand Anjac's offering to benefit from Stephid's cutting-edge expertise in top-of-the range manufacturing, packaging, and kitting, with unique, tailor-made services.
IN THEIR OWN WORDS: 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."
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