Rohto-Mentholatum Vietnam takes over Naris Cosmetics

January 16, 2023 | 11:39
(0) user say
Rohto-Mentholatum Vietnam has completed the purchase and sale agreement and change of ownership of Naris Cosmetics Vietnam.
Rohto-Mentholatum Vietnam takes over Naris Cosmetics

Naris Cosmetics Vietnam specialises in producing cosmetics, soap, detergents, polish, and sanitary preparation. The company has a factory in Portrade International Tech Park in the southern province of Binh Duong.

Following this deal, Naris Cosmetics Vietnam officially became a member of Rohto-Mentholatum Vietnam under the name Rohto-Mentholatum (Vietnam) Co., Ltd. II from January 4. It will operate under the leadership of new president and general director Hirofumi Shiramatsu.

Shiramatsu, who is also general director of Rohto-Mentholatum Vietnam said, "The successful negotiation of this purchase and sale agreement is an important milestone for us. Through the merger, we will welcome 50 new members of Naris Cosmetics Vietnam with the spirit of being one team. As a result, 2023 is expected to be a breakthrough year for our team with diversity, originality, and creativity in new initiatives and projects."

Rohto-Mentholatum Vietnam is a subsidiary of Rohto Pharmaceutical Co., Ltd, one of the leading Japanese pharmaceutical corporations specialising in health and beauty care products. During 26 years in Vietnam, the company has become known for brands in such as New V. Rohto, Sunplay, Acnes, and Oxy.

"With two pharmaceutical and cosmetic factories currently operating in Binh Duong, we are able to continuously supply our products to the market while also bringing the highest quality products to consumers at reasonable prices. We aim to improve the competitiveness of our factories and promote sustainable growth for the group in the region with a medium- to long-term vision," Shiramatsu added.

Vietnam's largest cosmetics retailer HSV Group secures investment from Mekong Capital Vietnam's largest cosmetics retailer HSV Group secures investment from Mekong Capital

Mekong Capital announced that Mekong Enterprise Fund IV (MEF IV) has completed an investment into HSV Group, which is the cosmetics retailer in Vietnam with the highest number of stores.

CVI Pharma strengthens pharmaceutical and cosmetics R&D from natural herbs CVI Pharma strengthens pharmaceutical and cosmetics R&D from natural herbs

The Vietnam-Korea Institute of Science and Technology (VKIST) on September 30 signed an MoU with domestic and foreign partners to strengthen sci-tech research activities.

French cosmetics retailer Sephora enters Vietnam French cosmetics retailer Sephora enters Vietnam

World-renowned cosmetics retailer Sephora has officially entered the Vietnamese market via an e-commerce channel, rather than through a traditional brick-and-mortar store.

By Thanh Van

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional

Latest News ⁄ Investing ⁄ M&A