Global specialty chemical company Hallstar has announced its purchase of Sytheon, Ltd., whose active ingredients, including products like Sytenol® A, will comprise a new product line within Hallstar’s Beauty division.
Bakuchiol is recognised as the safest, most effective natural alternative to retinol, said Hallstar.
Sytheon has a global footprint with dynamic R&D capabilities and strong relationships with the world’s top brands.
Both companies sell their products directly and through distribution.
Carmen B. Masciantonio, Hallstar president and COO, recently observed that: “Sytheon and Hallstar share an innovation-focused, research-first strategic model, and a nimble, asset-light approach to operations. These have been the core tenets of both our companies’ year-over-year success."
Masciantonio continued: “Sytheon’s unique, high-performance products and capabilities fit very well within our ingredient porfolio. Hallstar Beauty is eager to start collaborating with these new commercial and technical colleagues.”
Proceeds from the financing will be utilised to refinance the company's existing credit facilities and fund additional working capital to finance its continued growth and capital expenditures
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