Joy Group completed the acquisition of Foltène Laboratories from Gerolymatos International.

Synopsis

Joy Group, a Chinese multi-brand beauty company, completed the acquisition of Foltène Laboratories, specializing in providing comprehensive scientific care for hair, eyelashes, and nails, from Gerolymatos International, a pharmaceutical company. Financial terms were not disclosed.

Principals

target

Foltene Laboratories

bidder

Joy Group

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Market Context