Safic-Alcan Secures Majority Ownership in Avees Biocos
- 05-Dec-2024 12:30 AM
- Journalist: Patricia Jose Perez
Safic-Alcan, a prominent distributor of specialty chemicals, has announced the acquisition of a majority stake in Avees Biocos Private Limited, a leading personal care chemical distributor in India. Founded in 2007 by Rahul and Deepti Sawhney, with the guidance of the late Mr. G.K. Sawhney, Avees Biocos has established itself as a trusted partner in sourcing advanced technology ingredients and formulating unique cosmetic products. The company offers a wide range of products, including biopolymers, preservatives, emollients, sensory modifiers, UV filters, active ingredients for skin and hair care, emulsifiers, fragrances, and functional polymers.
Based in Gurugram, Avees Biocos operates a cutting-edge innovation center that enables the development of customized formulation solutions for its clients. The acquisition by Safic-Alcan is seen as a strategic move to expand its presence in the Asia Pacific region and enhance its footprint in the personal care market globally, creating strong synergies across continents.
Yann Lissillour, CEO of Safic-Alcan, expressed enthusiasm about the partnership, stating, "This is a strategic move for Safic-Alcan to diversify its activities in the Asia Pacific region and reinforce its personal care footprint. We are delighted to join forces with Rahul and the Avees Biocos team." Lissillour also highlighted the long-standing collaboration between the two companies, noting that Avees Biocos has served as a distributor for Safic-Alcan’s SAFIC’Care® range for many years. He emphasized that the partnership is a natural progression, as Safic-Alcan now boasts personal care operations in North and South America, Europe, Africa, and Asia.
Jose Lora, Managing Director of Life Sciences at Safic-Alcan, added, "We are fortunate to have been working with Avees Biocos for many years, and this acquisition represents a logical next step. We now have a truly global reach in the personal care market."
Rahul Sawhney, Managing Director of Avees Biocos, expressed his excitement about the partnership, stating, “We are very happy to have found the perfect partner for growth, one that aligns with our motto, 'Innovation at Heart.' This strategic alliance will allow Avees to offer more specialty solutions, applications, and services to our customers.” He reassured both suppliers and customers that Avees will continue to operate as usual, with the same team in place, ensuring a seamless transition.
With this acquisition, Safic-Alcan strengthens its global presence and expands its portfolio of personal care solutions, reinforcing its commitment to innovation and customer-centric services.
Safic-Alcan, headquartered in Paris La Défense, is an independent French distributor of specialty chemicals. The company provides a wide array of polymers, materials, and additives for industries including rubber, coatings, adhesives, personal care, and pharmaceuticals. With 37 offices strategically positioned across Europe, the Americas, Africa, the Middle East, and Asia, Safic-Alcan collaborates with top global manufacturers. Its team of specialized sales engineers offers technical expertise and high-performance solutions, building strong, long-term partnerships with customers and suppliers. Employing over 800 people, Safic-Alcan generated a turnover of €910 million in 2023.