03.23.22
Sharon Laboratories, Ltd. a global innovator and manufacturer of preservative solutions for cosmetics and personal care markets, has inked a definitive agreement to acquire the cosmetic ingredients unit of Gorla Minore, Italy-based B&C S.p.A., as well as the company’s research and innovation unit, CR&D.
This is the second acquisition by Sharon Laboratories this month following its agreement to acquire Res Pharma Industriale on March 1.
Founded in 2007, B&C produces a unique line of bio-active ingredients that bring added value to cosmetic brands and consumers, with a strong focus on skin benefits and wellness. The company develops natural and sustainable ingredients, offering excipients and green phytoactive substances, such as delivery systems, emulsifiers and emollients. CR&D is a subsidiary of B&C, and it serves as the company’s dedicated research and development arm. It is responsible for the organization’s innovation and technology development.
"The unique product offering of B&C’s cosmetic division will expand Sharon's portfolio, as well as the value we bring to our strong, global customer base, adding more natural-based ingredients to our offering,” said Naama Eylon, general manager of Sharon Laboratories. “We are excited and looking forward to bringing the cosmetic division of B&C and CR&D into Sharon Laboratories. I believe the team's customer-centric approach, and the benefit it brings to the product creation and development process is completely aligned with Sharon. Our new organization structure will only continue to promote this link between product innovation and market needs."
The closing for the acquisition is expected to be completed during the second quarter of 2022. Following completion of the acquisition, B&C’s cosmetic unit and its CR&D research subsidiary will be integrated into Sharon Laboratories’ business.
“I am excited for B&C cosmetic and CR&D to enter a new beginning with Sharon Laboratories,” said Roberta Donadelli, founder of CR&D. “We have always focused on the long-term goals and success of the business. Our team’s passion for cosmetic science, combined with its entrepreneurial spirit has strongly motivated us to put the company's sustainable growth first. As founder and stakeholders of the formers, I found a great link to Sharon, as I recognize this core value within Sharon's vision, and I am looking forward to this step as an opportunity to drive further positive changes in the cosmetic industry.”
