October 2015 Spray 37 Mergers & Acquisitions Berlin Packaging acquired Vivid Packaging, an Ohio-based supplier of rigid packaging. Berlin Packaging’s fifth acquisition in as many years, the transaction strengthens the company’s presence in the Midwestern U.S. and advances its strategic plan to double revenues by 2017. Ashland Specialty Ingredients completed its purchase of Zeta Fraction technology from AkzoNobel. The patented process isolates efficacious components from living plants and marine sources to produce a range of bio-functional ingredients, according to Ashland, reducing limitations associated with extracts such as shelf-life stability and reproducibility. Flavors and fine ingredients supplier Frutarom Industries Ltd. purchased 79% of the shares of Spanish-based specialty natural plant extracts marketer Nutrafur S.A., based on a company value of approximately $14.5 million. Botanical extracts supplier Active Organics, acquired by the Lubrizol Corp. in 2011, will be reorganized under the company’s Lipotec SA subsidiary, combining the two brands’ product lines. Brenntag reached an agreement to acquire Parkoteks Kimya San, an Istanbul, Turkey-based supplier of specialty chemicals for personal care products. Terms of the deal were not disclosed, although Parkoteks generated a reported $16 million in sales in 2014. Givaudan acquired 100% of the shares of Induchem Holding AG, manufacturers of active ingredients for cosmetics applications. Induchem will be integrated into the company’s Active Cosmetic Ingredients (ACI) business within the Fragrance Division. DS Healthcare announced a definitive agreement to acquire 100% of the stock of privately-held WR Group, Inc., Arizona-based marketers and distributors of personal care products, for a reported $34 million in cash and $2.5 million in DS Healthcare stock. With a portfolio featuring brands such as Biovea, Biomedx, KeratinMD and AcneGen, the acquisition of WR Group is expected to increase DS Healthcare revenues to over $65 million annually, according to the company. Image Skincare was purchased by private equity firm MidOcean Partners. Janna Ronert, who founded the moisturizer and face cream brand in Florida in 2003, will remain with the company, which won a breach of contract and intentional concealment lawsuit against former distributor Aesthetics Plus in September. SPRAY
Spray October2015
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