California-based contract manufacturer SV Labs has acquired Canadian private label manufacturer Sigan Industries, boosting the organization's formulation and manufacturing capabilities. Financial terms of the transaction were not disclosed.
With the acquisition, SV Labs now operates four production facilities with more than 500,000 combined square feet of facility space across Canada, California and Wisconsin.
SV Labs is backed by San Francisco Equity Partners (SFEP), a current investor in Jane Iredale and previous investor in Japonesque, Method and Yes To.
Twenty-six-year-old Sigan Industries specializes in OTC, hair care, skin care and body care.
Sigan Industries shareholders will retail "a meaningful ownership interest" in the combined entity, which will be led by SV Labs CEO Graham Orriss.
“SV Labs is the ideal partner to support Sigan Industries’ continued growth, given our shared values of operational excellence and customer service,” says Dean Gangbar, cofounder of Sigan Industries. “I am confident that our partnership with SV Labs will significantly enhance the value that we deliver to our customers.”
“In working with Dean and the Sigan Industries management team, we became increasingly convinced that Sigan’s development capabilities, product category expertise and manufacturing operations would be a great fit with our business,” says Orriss. “This partnership will enable us to offer expanded innovation and manufacturing capabilities to our customer base, while still delivering the concierge-level customer service model that both companies are known for.”
“The dynamics in the beauty and personal care markets are attractive for a focused and scaled CDMO like SV labs, which can serve brands as both an innovation partner and a high-quality, efficient manufacturing partner,” says Scott Potter, managing partner at SFEP. “We are thrilled to add Sigan Industries to the SV Labs family and to support Graham and the combined management team as they continue to build a leading platform in this space.”
