November 28 2024, David R Brown

Safic-Alcan, a multinational distributor of specialty chemicals and ingredients, has acquired a majority stake in Avees Biocos Pvt. Ltd., a leading personal care chemical distributor in India. The move formally extends Safic-Alcan presence to the Indian subcontinent.

This is a strategic move for Safic-Alcan to diversify its activities in the Asia Pacific region and reinforce its personal care footprint with strong synergies now across continents

Yann Lissillour
CEO of the Safic-Alcan Group

Established in 2007 by Rahul and Deepti Sawhney, under the guidance and leadership of the late Mr G.K. Sawhney, Avees Biocos laid the foundations as the perfect partner to help source advanced technology ingredients and help formulate unique cosmetic products. Avees offers products such as biopolymers, preservatives, emollients, sensory modifiers, UV Filters, active ingredients for skin and hair care, emulsifiers, fragrances and functional polymers. Based in Gurugram, Avees is supported by a state-of-the-art innovation center for the development of unique formulation solutions for its clients.

“This is a strategic move for Safic-Alcan to diversify its activities in the Asia Pacific region and reinforce its personal care footprint with strong synergies now across continents. We are delighted to join forces with Rahul and Avees Biocos team,” Yann Lissillour, CEO of the Safic-Alcan Group.

“We are lucky to have already been working with Avees Biocos for many years as our distributor for our SAFIC'Care® range. We feel that this is a very natural next step to take with Rahul and his very skilled team. I am delighted now that we can boast personal care activities in North and South America, Europe, Africa and Asia,” added Jose Lora, Managing Director Life Sciences and executive committee member at Safic-Alcan.

About Safic-Alcan
Safic-Alcan is a multinational distributor of specialty chemicals and ingredients headquartered in Paris La Défense (France). The Company develops and provides a wide range of polymers, materials and additives for the rubber, coatings, adhesives, thermoplastics, polyurethane, lubricants, detergency, cosmetics, pharmaceuticals, and nutraceuticals industries. With a network of 37 offices strategically located in Europe, the Americas, Africa, Middle East and Asia, the company represents state-of-the art manufacturers around the world. Safic-Alcan employs more than 800 people worldwide and generated a turnover of EUR 910 million in 2023.

Source(s): Safic-Alcan Press Release

Further Information

Visit: https://www.safic-alcan.com