Chicago-based specialty chemicals company Hallstar has announced the acquisition of French active ingredients supplier Oléos for an undisclosed sum.
“Oléos’ unique capabilities and technology will enhance Hallstar’s technology platform with patented, clinically proven natural active ingredients for beauty and personal care,” said John Paro, Chairman, President and CEO of Hallstar. “As we grow our global footprint, the south of France puts us at the heart of cosmetic innovation. Further, with Oléos, we add a strong team and culture that fits the Hallstar brand.”
Anne Rossignol-Castera, President of Oléos, added, “The south of France, with its access to plentiful natural resources and proximity to major customers, has been an ideal place to grow our business over the last seven years. By joining the Hallstar team, we ensure that access to these natural resources for cosmetic brands can be provided, as bioactive ingredients, on a global scale. Additionally, Hallstar’s formulated solutions capabilities provide the perfect vehicle to globalize Oléos’ ingredients.”