Belgium based Ontex Group to acquire Hypermarcas’s personal hygiene business for R$1bn ($312.74Mn). The deal is expected to complete in first quarter of 2017 after completion of customary conditions and governmental approvals.
After the deal Ontex CEO Charles Bouaziz said, “Following the successful integration of Grupo Mabe in Mexico, adding this business to our Americas Retail Division will give us strong positions in 2 of the top 5 personal hygiene markets in the world.”
Hypermarcas produces products ranging from Medicines, Beauty and Personal Hygiene, Children’s Hygiene and Health Exempt Drug Prescription, Drugs Prescription and Generic Drugs.
Ontex is an international provider of hygiene solutions. It was founded in 1979 in Buggenhout, Belgium. It has products in the field of baby hygiene, feminine hygiene and protection of adult incontinence.
Ontex also distributes its own brands in hospitals, nursing homes, pharmacies and home delivery services. It has offices and manufacturing facilities in Europe, North Africa, China, Australia, the Middle East and across the Americas, that produce and distribute brands like Canbebe, Helen Harper Baby, Moltex, Biobaby, Bbtips, Kiddies, Chicolastic, Helen Harper, Fiore,Canped ,Serenity, euro, Affective and Liberty.