The move will see Safic Alcan merge with the exclusive Polish distributors for Greentech, Innovia and other leading ‘boutique suppliers’, according to the company.
Safic-Alcan is a French independent distributor of specialty chemicals headquartered in Paris-La Défense (France). The Company develops and provides wide ranges of polymers, materials and additives for the rubber, coatings, pharmaceuticals and cosmetics industries
Diversifying in Poland
“The acquisition of the Cosmetics Partner business will enable us to diversify our range of personal care ingredients and to widen our portfolio offering in Poland," stated Yann Lissillour, Director of Mergers and Acquisitions for the Safic-Alcan Group.
Cosmetics Partner distributes a wide range of natural ingredients, such as actives, extracts and complexes of extracts, vegetable oils and butters, essentials oils, scrubs and dyes.
“This acquisition will reinforce our presence in Eastern Europe, strengthen relationships with some key suppliers, and provide a solid platform for further growth in the Polish personal care market," said Philippe Combette, CEO of the Safic-Alcan Group.
The economy in Poland will continue to grow at a healthy pace in 2017, according to market research firm Euromonitor International.
Strong gains in private final consumption provide most of the growth impetus, the company predicts, while a new budgetary period for EU funds should result in higher investment.
The firm cautions that unstable conditions in the Russian and Ukrainian markets are a drag for Poland, while in terms of GDP, the country’s capacity will being to fall in the coming several years, dropping to about 2.5% in the medium term.