Axilone Group, a major player in the design and manufacture of primary packaging for skincare, perfume and make-up, announced the acquisition of Anewcos, an innovative player in the formulation and filling of cosmetic products, based in China.
Founded in 2011 in Suzhou (Jiangsu province, China) Anewcos employs about 120 people, on a 13,000 sqm site. Anewcos provides, for major Chinese brands, the formulation, development and filling of beauty products. The company specializes in skincare products, as well as in powder and foundation products. Flexible and reactive, Anewcos has developed a complete portfolio of innovative and proprietary formulas, recognized by major Chinese brands.
The acquisition of Anewcos gives the Axilone group the opportunity to accelerate its growth, particularly with Chinese brands, by offering them complete 'turnkey' solutions and to diversify its product portfolio beyond its traditional businesses. Anewcos' expertise in formulation will enable Axilone to increase its capacity for innovation and development of tomorrow's packaging solutions.
By joining the Axilone Group, Anewcos will benefit from its exposure to major international brands, while strengthening its innovation and production capabilities.
