Safic-Alcan completed the acquisition of a 51% stake in Avees Biocos.

Safic-Alcan, a French specialty chemicals distributor, completed the acquisition of a 51% stake in Avees Biocos, an Indian specialty chemicals and cosmetics company. Financial terms were not disclosed. "This is a strategic move for Safic-Alcan to diversify its activities in the Asia Pacific region and reinforce its personal care footprint with strong synergies now across continents. We are delighted to join forces with Rahul and Avees Biocos team," Yann Lissillour, Safic-Alcan CEO.