Mumbai-based Eternis Fine Chemicals Ltd. has acquired 100% of the shares of Tel Aviv-based Sharon Personal Care, including its innovation labs and manufacturing capabilities in Italy and Israel, its distribution sites in the United States, Italy, Germany and France, and its broader global distribution network.
The purchase expands Eternis' personal care holdings and global reach beyond its core specialties in aroma chemicals/flavor and fragrance.
Both business units will service their respective aroma and cosmetic/personal care sectors, driving growth through rising interest in wellness and self-care, per the organizations.
Sharon PC will maintain its product lines under the same brand name but "with a modified identity infused with elements of Eternis," per an official announcement.
"As we step into 2025, I speak on behalf of the team at Eternis in expressing my excitement with this significant milestone of successfully completing another overseas acquisition in our growth journey," says Rajen Mariwala, managing director of Eternis.
Eternis CEO, Wilfrid Gambade, adds, "We are thrilled to welcome Sharon PC into our family. The addition of this large personal care pure-play and high-end manufacturer enhances our business and brings with it many strategic advantages. Sharon PC’s commitment to sustainability, innovation and quality is perfectly aligned with our vision of delivering products that not only make people feel good but also reflect our values. This acquisition will further establish ourselves in Europe and United States, with the ability to service our customers with products under new segment from the sites, stock hubs and offices there. The combined portfolio will uniquely position us for further growth. Further, our DNA of ‘Eternally Agile and Forever Customer Centric’ is also a key principle of Sharon PC’s corporate ethos. In many respects, a perfect fit."
Naama Eylon, CEO of Sharon PC, says, "I see very positive outcomes as we enter into this new partnership. Our combined manufacturing and distribution footprints across India, Europe, Asia and United States will offer a robust supply chain. Further, this partnership will enable us to reach Asia Pacific with personal care products ensuring more customers can experience the brand’s high-quality and innovative offerings. I am very excited about our future, together. On a personal note, as a leader, I’m happy for the exciting times to come, where we will plug-in and continue to grow and innovate."
