Anjac Health & Beauty Expands into Luxury Fragrance Market with Stephid Acquisition

In a strategic move to enhance its fragrance market presence, Anjac Health & Beauty has finalized the acquisition of Stephid, a French company specializing in luxury perfumes and high-end custom filling and packing.

Stephid expects to achieve a double-digit turnover growth of almost €15m by 2023.

credit: Global Cosmetics Industry

This extension will allow Anjac to leverage Stephid's advanced capabilities in top-tier manufacturing, packaging, and personalized services of the highest standards. Stephid anticipates achieving a nearly €15m turnover growth by 2023.

The management team at Stephid will remain unchanged, ensuring continuity and stability throughout the transition.

Aurélien Chaufour, president of Anjac Group, expressed his enthusiasm, stating, "We are delighted to welcome the Stephid team to our rapidly expanding group. Stephid is renowned among major French and international brands for its exceptional expertise, agility, and exceptional logistics services. This merger will empower us to provide our premium and luxury clients with complementary proficiency to bolster the development of their cosmetics and perfume ranges."

Yannick Demoulin, CEO of Stephid, echoed this sentiment, remarking, "Joining forces with Anjac will propel Stephid's growth. Having the support of a robust group with extensive production capacity and a synergistic customer portfolio, sharing our values of innovation, quality, and sustainability, will be pivotal to our success. Anjac Group aligns with our ethical and social principles, making this partnership a natural choice."