The Anjac Health & Beauty group is continuing its external growth strategy with the acquisition of the French company Stephid, a specialist in luxury perfumery.
After two acquisitions in Canada — Pillar5 and Apollo, in 2022 — the manufacturer of cosmetic products, medical devices, drugs and food supplements is expending its portfolio by taking over Stephid, a French company specializing in the manufacture of luxury perfumes, and high-end custom filling and packing.
A French player recognized for its expertise and services
Founded in 1989 and based in Pont-Sainte-Maxence, in northern France, at about 50 kilometres from Paris, Stephid has a unique expertise in small production runs and luxury products that resembles craftsmanship and tailoring. The company benefits from strong relationships with luxury fragrance houses and designers, thanks to its mastery of cutting-edge techniques that are crucial to preserving the most fragile top notes.
The company carries out the entire perfume manufacturing process, from maturing the concentrate to glazing the fragrance in polished stainless steel tanks from 100 to 3,000 litres, with a total capacity of 20,000 litres.
Stephid also has the know-how to fill bottles and assemble the packaging and accessories relying on very precise manual skills. The company is therefore able to process small series (few dozen of units) as well as thousands of units.
“The teams also are also recognized for their distribution expertise of finished goods throughout the world and from every aspect of the logistical value chain,” says Anjac in a press release.
Stephid partners with more than 60 well-known fragrance brands and should achieve a turnover of nearly 15 million euros in 2023, with a double-digit growth compared to last year.
Luxury markets and high added value services
With this operation, Anjac strengthens its offering on the luxury markets providing cutting-edge and tailor-made services and processes services with high added value, in particular for the high-end and niche perfume segment, which is extremely dynamic.
“Anjac will be able to benefit from Stephid’s cutting-edge expertise in top-of-the- range manufacturing, packaging and kitting, with unique, tailor-made services of the highest quality. The Group is thus expanding its offering, providing additional expertise to support its customer portfolio regarding their cosmetics and perfumes ranges,” highlights the company.
Furthermore, Anjac’s support will enable Stephid to expand its investment and production capacity and thus meet the growing demands of its customers.
10th acquisition in 6 years
After Cosmetix West and Feltor in 2019, Roval Cosmétiques in 2020, Apollo and Pillar5 in 2022, Stephid is Anjac’s 10th acquisition within the span of 6 years, doubling its turnover in 5 years. Anjac now includes 15 companies, with 22 R&D and manufacturing sites, and a turnover approaching EUR 700 million.
Financial terms have not been disclosed, but Anjac said that Stephid’s management team and governance remain in place.
