Key Takeaways:

• Puig takes full control of Isdin to strengthen its dermocosmetics ambitions.
• The Spanish beauty conglomerate has owned 50% of Isdin for the past half century.
• Deal funded with ​Puig's own ​resources and debt.

The deal is a strategic move for Puig to diversify its portfolio.

WHO: Founded in 1975 through a partnership between the Puig and Esteve families, Isdin has built an international presence in dermatology and skincare. The Spanish skincare label is stocked in pharmacies and known for its sunscreen.

WHY: The acquisition underscores Puig’s ambition to expand its skincare business, with dermocosmetics identified as a strategic growth priority. Skincare has been the smallest part of Puig’s business, accounting for just 11% of the group’s €5.2 billion in revenue in 2025.

IN THEIR OWN WORDS: “Isdin represents five decades of shared vision between the Puig and Esteve families,” said Marc Puig, Executive Chairman of Puig, in a statement released September 14. “Together we have helped build a company with a distinct position at the intersection of science and beauty.

“We are grateful to the Esteve family for its decisive contribution and for the trust that has characterized our partnership,” he continued. “Puig will approach this next chapter with a long-term commitment to Isdin, its people, its scientific culture and its continued development.”

“Expanding our presence in dermocosmetics is a strategic priority for Puig,” said José Manuel Albesa, Chief Executive Officer of Puig. “Isdin is a unique company, with a strong management team, a clear strategy and a distinctive position in dermatology and skin care.