04.17.24
Sophim (stand 1N118) acquired Novastell, a leading supplier of nutritional and functional ingredients. The move strengthens Sophim's presence in the cosmetics and nutrition spaces.
"Synergies between cosmetics and nutraceuticals are increasingly numerous. This acquisition will enable us to accelerate our growth and bring new products to market more quickly" says Sophim Chairman and CEO Jacques Margnat.
According to Sophim Managing Director Alexis Margnat, the move is a perfect fit as Novastell uses byproducts from the oil industry to create ingredients for the nutraceutical industry.
"This match not only reflects our shared values, but also responds to market dynamics, reinforcing the strategic relevance of our merger" adds Alexis Margnat, managing director of Sophim.
More info: Sophim, www.sophim.com
"Synergies between cosmetics and nutraceuticals are increasingly numerous. This acquisition will enable us to accelerate our growth and bring new products to market more quickly" says Sophim Chairman and CEO Jacques Margnat.
According to Sophim Managing Director Alexis Margnat, the move is a perfect fit as Novastell uses byproducts from the oil industry to create ingredients for the nutraceutical industry.
"This match not only reflects our shared values, but also responds to market dynamics, reinforcing the strategic relevance of our merger" adds Alexis Margnat, managing director of Sophim.
More info: Sophim, www.sophim.com