The French company says the deal will grow its North America presence and expertise in OTC sunscreen products
French group ANJAC Health & Beauty is expanding its North America presence by purchasing Apollo Healthcare Corp, a Canada-based company specialising in the development and production of personal care, over-the-counter (OTC) and wellness products.
ANJAC, which operates in the formulation, manufacture and filling of cosmetics, as well as medical devices, drugs and food supplements, says the move will benefit both local and international brands and laboratories.
Apollo is said to be certified FDA and has the expertise to develop and manufacture OTC products with sunscreens.
Its customer base, meanwhile, spans major North American drug and mass merchandise retailers, users and wholesale clubs.
The Ontario-located business was co-founded by brothers Charles and Richard Wachsberg, who will remain on as shareholders and co-CEOs.
"We are very pleased to expand our expertise and technologies throughout the North American continent with this major acquisition,” said Aurélien Chaufour, CEO of ANJAC Group.
“Great opportunities are opening up for our international customers, especially when it comes to industrial robustness and innovation.”
The Apollo acquisition represents ANJAC’s eighth in five years, including its 2019 purchases of Cosmetix West and Feltor and the 2020 acquisition of Roval Cosmétiques.