04.09.24
The transaction, finalized in September 2023, led to an official presentation of the teams in Peyruis, France, in early 2024.
Sophim’s acquisition of Novastell represents what the company calls a “strategic move” aimed at furthering the company’s expansion given a strong presence in the cosmetics and pharmaceutical sectors, officials said.
Through this integration, Sophim raises its consolidated sales for 2023 to 36 million euros, or an exchange rate of $39 million, with a total workforce of 80.
“Synergies between cosmetics and nutraceuticals are increasingly numerous,” said Jacques Margnat, chairman and CEO of Sophim. “This acquisition will enable us to accelerate our growth and bring new products to market more quickly.”