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Sarantis acquires majority stake in two cosmetics firms

11 January 18 - RE+D Magazine
Sarantis acquires majority stake in two cosmetics firms

COMPANIES

ETAD.A.E.

Public entity - GREECE

Savills

Consultant - GREECE

Solum Property Solutions

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IBI Group

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Sarantis Group on Thursday announced the acquisition of Indulona, a cosmetics products company with an established significant presence in Slovakia and Czech Republic, for 8.5 million euros.

 

In an announcement, Sarantis Group said it has signed a contract to acquire 100 pct of equity capital in Saneca Trade S.R.O. and Saneca Trade CΖ S.R.O., the distributors of Indulona products in the two countries, respectively.

Sarantis said the acquisition was part of a development strategy plan of the group, it further enhanced the group’s product portfolio, strengthening its position as a leading company of consumer products and further supported its geographical presence. Indulona products have a successful history of 70 years.

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