ANJAC Health & Beauty, an industrial group, completed the acquisition of STEPHID, a cosmetic products manufacturer. Financial terms were not disclosed. "We are very pleased to welcome STEPHID teams to our fast-growing group. STEPHID is recognized by major French and international brands for its unique know-how, responsiveness, and outstanding logistics services. This merger will enable us to offer our premium and luxury customers complementary expertise to support the development of their cosmetics and perfume ranges," Aurélien Chaufour, ANJAC President.