Anjac Health & Beauty, a French family-owned industrial group specializing in the formulation, manufacture and packaging of products for the health, beauty and dietary supplement sectors, has joined forces with Canadian company APR beauty to strengthen its cosmetics offering and expand its presence on the North American market.
High value-added services
Toronto-based APR Beauty specializes in make-up and skincare products. Since 2019, it has been offering a range of high value-added services in formulation, manufacturing and packaging. As a turnkey service specialist, it masters several technologies, including powders, hot-casting, emulsions and gels.
FDA (Food and Drug Administration) and Cosmos, the company offers technical solutions such as UV protection and OTC products in North America. Its R&D laboratory and manufacturing and packaging workshops employ 40 people. It also has a packaging design and sales office in New York, a commercial presence in Los Angeles and an operational office in Shanghai.
International cosmetics leaders as well as local independent brands (Indie brands) seek its expertise. As the company continues to grow, it will move a few kilometers from its current headquarters to open a brand-new site of almost 10,000 m², offering increased production capacity and a 2,000 m² research & innovation laboratory.
CEO Irene Zheng and APR Beauty co-founder John Shen remain shareholders. "This merger with Anjac Health & Beauty is based on a shared ambition to provide 360° service, high added value and innovation for our customers. It represents a formidable lever for acceleration through the sharing of know-how, commercial synergies and the strengthening of our respective presences, on the American market for ANJAC, and on the European market for APR Beauty".explains Irene Zheng.
A strong presence on the North American market
The 2022 merger with Canadian companies Apollo and Pillar5 Pharma marked an important milestone for Anjac Health & Beauty, extending its presence in North America and strengthening APR Beauty's presence in the make-up and skincare segment.
This investment is part of a global strategy to develop Anjac's expertise in other markets and strengthen its turnkey offering. Almost a third of the Group's make-up customers (30 %) are already American brands.
This acquisition also enables the group to offer a wide range of "ever more complete and innovative" services, and comes just a few weeks after the inauguration of a Make-up Innovation and Customer Care center in Clichy, near Paris.
"We are very pleased with this new step for the Anjac Group, in line with our strategy of strengthening our service offerings, pooling know-how and expanding internationally. Irene Zheng is a seasoned entrepreneur, with whom we share the same ambition, that of offering ever more innovative, healthy, natural, high-performance and turnkey beauty solutions, for the benefit of our customers", says Aurélien Chaufour, President of the Anjac Group.
With the acquisition of APR Beauty, Anjac Health & Beauty will have 16 companies and 22 production sites, representing over 3,200 employees. The group expects to achieve sales of almost €800 million in 2024, including €40 million for APR Beauty.
