Nippon Shikizai acquires Orleans Cosmetics
Nippon Shikizai, Inc. today that Thepenier Pharma Industrie S.A.S. its 100% subsidiary, acquired part of issued shares of Orleans Cosmetics S.A.S. , a French OEM company manufacturing cosmetics and made the French company its subsidiary (i.e. Nippon Shikizai's second-generation subsidiary).
Details
Through this transaction, Thepenier, as part of a global strategy of Nippon Shikizai Group, made Orleans its subsidiary (i.e. Nippon Shikizai's second-generation subsidiary) for the purpose of expansion of its product portfolio, an increase in its production capacity of cosmetic products, and strengthening of its R&D activities.
Orleans Cosmetics is one of the member companies of Cosmetic Valley, which is one of the largest and most famous industrial cluster of cosmetic manufacturers in the world, and provides its OEM services to manufacture cosmetic products on behalf of French and other countries' major cosmetic manufacturers from its location in the Cosmetic Valley area where many research institutes of leading cosmetic manufacturers of France and other countries, as well as universities and national research institutes are assembled together.
As part of its important group management strategy, Nippon Shikizai Group has an intention to assist its domestic and overseas customers in their global business operations. Through this transaction, the Group will be able to increase its global production capacity for supply of the products made in both Japan and France and to accelerate globalization of its research and development, and marketing activities. Through these activities, Nippon Shikizai Group as a whole will make full efforts to enhance customers' OEM services and our own enterprise value.
Tsuyoshi Hasuo will be the new Executive Officer and President, Thepenier Pharma Industrie S.A.S., and Chairman, Orleans Cosmetics S.A.S.
Future outlook
It is expected that the above transaction has only slight affect on company's consolidated financial results in the fiscal year ending February 28, 2017.
