Safic-Alcan Acquires Majority Stake in India-based Personal Care Distributor Avees Biocos

'This is a strategic move for Safic-Alcan to diversify its activities in the Asia Pacific region and reinforce its personal care footprint with strong synergies now across continents. We are delighted to join forces with Rahul and Avees Biocos team' said Yann Lissillour, CEO of the Safic-Alcan Group.

Established in 2007 by Rahul and Deepti Sawhney, under the guidance and leadership of the late Mr G.K. Sawhney, Avees Biocos laid the foundations 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 modifiers, UV Filters, active ingredients for skin and hair care, emulsifiers, fragrances, and functional polymers. Based in Gurugram, Avees relies on a state-of-the-art innovation center to develop unique formulation solutions for its clients.

'We are lucky to have already been working with Avees Biocos for many years as our distributor for our SAFIC'Care® range. We feel that this is a very natural next step to take with Rahul and his very skilled team. I am delighted now that we can boast personal care activities in North and South America, Europe, Africa and Asia,' added Jose Lora, managing director Life Sciences and executive committee member.

'We are very happy to have found the perfect partner for growth who is already aligned to our motto 'Innovation at Heart'. With this strategic partnership Avees will bring more specialty solutions, applications and services for its customers. We also assure our suppliers & customers that Avees will continue to function exactly as before and with the same people,' added Rahul Sawhney, managing director Avees Biocos Private Limited.

Source: Safic-Alcan