Safic-Alcan acquires majority stake in Avees Biocos

Safic-Alcan, a major specialty chemicals distributor, has announced that it has acquired a majority stake in Avees Biocos Private Limited, a leading personal care chemicals distributor in India.

Avees Biocos was established in 2007 and laid the foundation as the perfect partner to help source advanced technology ingredients and help formulate unique cosmetic products.

Avees offers products such as biopolymers, preservatives, emollients, sensory modulators, UV filters, skin and hair care active ingredients, emulsifiers, fragrances and functional polymers. Headquartered in Gurgaon, Avees relies on a state-of-the-art innovation center to develop unique formulation solutions for its customers.

This is a strategic move by Safic-Alcan to diversify its presence in the Asia Pacific region and strengthen the presence of its personal care business with strong synergies across continents.

Yann Lissillour, CEO of Safic-Alcan Group, said: "We are proud to have worked with Avees Biocos for many years as the distributor of our SAFIC'Care range. We see working with Rahul and his highly skilled team as a natural next step. I am delighted that we are now able to expand our Personal Care business in North and South America, Europe, Africa and Asia," added Jose Lora, General Manager Life Sciences and Member of the Executive Committee.

Rahul Sawhney, Managing Director of Avees Biocos Private Limited, added: "We are delighted that we have found the perfect growth partner who is aligned with our motto 'Innovation First'. With this strategic partnership, Avees will offer its customers even more specialized solutions, applications and services. We also assure our suppliers and customers that Avees will continue to operate as before and with the same staff."