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Mibelle AG Cosmetics is acquiring a majority stake in Hallam Beauty Ltd and is thus expanding its strong position in the business with cosmetics and hygiene products at international level.
Hallam Beauty Ltd, which has its registered office in Bradford (UK), was established in 2005 by the GRI Group and with 270 employees is one of the largest and most successful independent cosmetics manufacturers in England today. Over this period, turnover has more than quadrupled, to GBP 37 million in total.
Hallam Beauty will further strengthen Mibelle, which has specialised very successfully in the development and manufacture of low-cost, high-quality own brands, and facilitate Mibelle's access to the cosmetics market in England. Thanks to its pronounced expertise in developing tailor-made overall solutions quickly with international retail partners, Mibelle already generates more than half of its annual turnover with exports today. Hallam Beauty for its part will benefit from Mibelle's innovative research department, Mibelle Biochemistry.
'Together we will enhance our innovative strength and by combining our research, development and marketing activities increase our international market presence,' says Luigi Pedrocchi, company director at Mibelle. 'It is the right moment to use the synergies of both strong partners and grow even faster,' adds Graham Royle, Chairman and CEO of the GRI Group.
The successful management of Hallam Beauty will still hold a minority stake in the company and will also continue at its helm. This takeover will not lead to any job cuts.
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