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French ingredient maker Sophim acquires compatriots Novastell

French personal care supplier Sophim has acquired compatriots Novastell, a supplier of nutritional and functional ingredients.

Novastell's portfolio includes a diverse array of functional lecithins, nutritional phospholipids, plant-based specialties and oils.

Alpes de Haute Provence-based Sophim said the acquisition is a strategic play to extend its influence in the nutraceutical sector.

“Synergies between cosmetics and nutraceuticals are increasingly numerous. This acquisition will enable us to accelerate our growth and bring new products to market more quickly,” added CEO Jacques Margnat.

The acquisition is expected to boost Sophim’s total workforce to 80.

Sophim managing director Alexis Margnat added: "This acquisition is of particular importance given the convergence of our business models: Novastell, as Sophim, valorizes byproducts from the edible oils industry to create ingredients for the nutraceutical industry.

“This match not only reflects our shared values, but also responds to market dynamics, reinforcing the strategic relevance of our merger”.

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Upcoming Events

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

SEPAWA

Estrel Congress Center, Berlin
16th - 18th October 2024

Cosmetorium

Palau de Congressos de Barcelona
23rd - 24th October 2024

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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