Mibelle acquires Hallam Beauty
शुक्रवार, 12 मार्च 2010
Hallam Beauty, based in Bradford, has been acquired by Mibelle, a subsidiary of Swiss conglomerate Migros.
With the acquisition of the Yorkshire firm, a subsidiary of GRI Group, Mibelle is looking to strengthen and expand its business in the UK.
Hallam Beauty is one of the largest personal care products manufacturers in the country, with a turnover of £37 million.
Its white-label hair, skin, sun and baby care products are available at a number of leading UK supermarket chains.
Sheffield-based GRI Group, which has a £104 million turnover, will continue as a significant joint venture shareholder.
Graham Royle, chairman and chief executive of the GRI Group, said: "In evaluating Hallam Beauty's five-year strategic business plan for 2010 onwards, we identified that its continued growth would benefit from the major synergies derived from partnering with another technically strong, European-based business from the same sector."
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