French company Anjac Health & Beauty, an industrial group specializing in the formulation, manufacture and packaging of cosmetics, medical devices, drugs and food supplements, has finalized the acquisition of Apollo Healthcare Corp., a Canadian company specializing in the development and production of personal care, OTC and wellness products, for CAD 327 million (around 256 million USD or 227 million EUR).
Based in Ontario, Canada, Apollo Healthcare Corp. is one of the largest manufacturers of private label personal care products in North America, developing and manufacturing products for major North American retailers and brands. Apollo’s customer base includes major North American drug and mass merchandise retailers, end users, and wholesale clubs. The annual turnover of the company exceeds 100 million euros.
Apollo Healthcare Corp. was co-founded by Charles and Richard Wachsberg, who will remain shareholders and co-CEOs.
A stronger presence in North America
With this acquisition, the Anjac Health & Beauty group is pursuing its external growth strategy and further strengthening its presence in North America, after the acquisition of Cosmetics West in 2019.
“We are very pleased to extend our expertise and technologies across the North American continent with this major acquisition. Great opportunities are opening up for our international customers, particularly in terms of industrial robustness and innovation!, explains AurÃ©lien Chaufour, CEO of the Anjac group.
After Cosmetix West and Feltor in 2019, and Roval Cosmetics in 2020, Anjac signs with Apollo its 8th acquisition in five years. The Anjac Group today brings together 13 companies representing a total of 21 R&D and manufacturing sites and global turnover now twice that of three years ago, reaching 600 million euros, after the new acquisition.