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Two invest in Herbarom

Two French banks, Bpifrance and BNP Paribas Développement, have both taken minority stakes in Herbarom, which the company will use “to launch a new growth phase”. The amounts involved were not disclosed.

“My passion for entrepreneurship, for creation and for development remains intact after 15 years leading the group,” said CEO Luc Ardouvin. How to carry on progressing and taking on new challenges in an always more complex environment while keeping the independence of the Group, its culture and its values? That was the equation.

“The encounter and exchanges with Bpifrance and BNP Paribas Développement teams convinced me of the existence of a finance whose first target is to serve and support my company’s project by making their resources and their networks available to us, with the shared ambition to look greater and further.”

Based in the Drôme department in southern France, Herbarom has two main activities: Herbarom Laboratoire, which produces essential oils and plant extracts for various markets including cosmetics; and Phytéo Laboratoire, a CDMO specialised in nutraceuticals of natural origin. It turns over about €50 million/year.

“Herbarom’s objective is to become a European leader in natural ingredients and nutraceuticals through an ambitious strategy combining organic and external growth in France, Italy and the USA,” the company said. It has made three acquisitions in the last five years, notably Akémia Bio, a specialist in organic ingredients for cosmetics, in 2021.

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Upcoming Events

Testing of Personal Care Formulations

Burlington House, London
Thursday 17th March 2022

in-cosmetics Global 2022 - Paris

1 Pl. de la Porte de Versailles, Paris
5 - 7 April 2022

NYSCC Suppliers' Day 2022

Javits Center, New York
3 - 4 May 2022

in-cosmetics Korea 2022

Hall C, Coex, Seoul, South Korea
13 - 15 July 2022

PCHi China 2022

Shanghai World Expo Exhibition & Convention Center
18 - 20 July 2022

32nd IFSCC Congress

Park Plaza Hotel, Westminster
19-22 September 2022

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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