Eternis acquires Sharon Personal Care

Eternis Fine Chemicals, the Italian subsidiary of an Indian aroma chemicals business, has acquired Sharon Personal Care, taking it into the personal care sector for the first time. Sharon brings innovation labs and manufacturing capabilities in Italy and Israel, plus distribution sites in US, Italy, Germany and France. 

Sharon PC will plug into the Eternis model, with the two business units continuing to supply their distinct but adjacent markets. It will maintain its product lines under the same brand name but “with a modified identity infused with elements of Eternis”, the two companies said.  

“Our combined manufacturing and distribution footprints across India, Europe, Asia and US will offer a robust supply chain. Further, this partnership will enable us to reach Asia-Pacific with personal care products,” commented Naama Eylon, who will remain CEO the Sharon business. 

Mumbai-based Eternis has four aroma chemical facilities in Maharashtra state with a total capacity of over 66,000 tonnes/year. It turns over about $250 million/year and has more than 600 employees. Previous acquisitions include Aims Impex in India in 2018 and Tennants Fine Chemicals in the UK in 2021.