Clearwater International has advised personal care product ingredients and private label cosmetics manufacturer, Mibelle AG, on its cross-border acquisition of a 70 per cent stake in Bradford-based personal care products producer, Hallam Beauty Limited. The deal value was undisclosed.
Mibelle, a subsidiary of €14.5bn Swiss conglomerate, Migros, is one of Europe’s foremost personal care companies and has acquired the £37m turnover business to further build its presence in the UK. Hallam, itself a subsidiary of Sheffield-based GRI Group, is one of the largest manufacturers of its kind in the country and supplies its white-label hair, skin, sun and babycare products to a number of leading UK supermarket chains.
Hallam, which also formulates and manufactures products for private label hair and bodycare brands in the UK, including L’Oreal and Toni & Guy, has enjoyed strong organic growth since it was bought out of administration by GRI Group in 2005.
Working together with Swiss firm Kurmann Partners, Clearwater International analysed the UK cosmetic products market to identify potential acquisition targets for Mibelle. Clearwater International originated the deal and facilitated Mibelle’s introduction to the vendor, GRI Group.
“Hallam fits the bill for Mibelle. As well as excellent growth prospects, the business has a loyal stable of suppliers and already provides its white label products to some of the UK’s leading retailers. The deal represents a key acquisition in Mibelle’s global expansion plans and a major step in Hallam’s progression, taking into account the increased resources and opportunities its new parent, Migros, can provide.”