US speciality chemical manufacturer Hallstar has acquired compatriot skin care actives maker Sytheon for an undisclosed sum.
All Sytheon employees and product portfolio will join Hallstar’s Beauty & Personal Care business.
Headquartered in New Jersey, with subsidiaries in France and Singapore, Sytheon’s active ingredients include Sytenol A, a 99%+ pure bakuchiol and claimed to be the only REACH registered and China-allowed bakuchiol with a complete toxicology dossier.
Sytheon was founded in 2006 by Dr. Ratan K. Chaudhuri after building a decades-long career in industry and academia.
Chaudhuri and chief operating officer François Marchio will continue leading the Sytheon product line and will play key roles in leveraging Hallstar’s global reach and capabilities to drive growth and profitability.
“The decision to join Hallstar was made carefully. It came down to finding a partner where not just our global revenue could grow but our people could develop. We are long admirers of Hallstar – its innovation as well as its strong leadership and long-term outlook,” they said.
“The team at Hallstar recognizes the quality and potential of our ingredients. We have a high degree of confidence that becoming part of Hallstar Beauty will fuel future growth and increase our penetration with existing and future customers.”
Carmen B. Masciantonio, Hallstar President and COO, said: “Sytheon and Hallstar share an innovation-focused, research-first strategic model, and a nimble, asset-light approach to operations. Sytheon’s unique, high-performance products and capabilities fit very well within our ingredient porfolio.”
Hallstar CEO John Paro added: “I believe Sytheon and Hallstar have an especially strong affinity as ethical, vital players in the industry. Together, we can do great things for our customers and, importantly, for our own people around the world.”
