Eternis Fine Chemicals Ltd. acquired Sharon Personal Care. A purchase price was not disclosed. Sharon has innovation labs and manufacturing capabilities in Italy and Israel; distribution sites in the US, Italy, Germany and France, as well as a global distribution network.

According to Eternis executives, the acquisition expands its global footprint, while leveraging the multi-location research labs, manufacturing and distribution platforms to continue serving its customers better. This acquisition marks a significant step towards diversifying its offerings and widening the portfolio into the growing personal care segment to meet today’s evolving demands.

“As we step into 2025, I speak on behalf of the team at Eternis in expressing my excitement with this significant milestone of successfully completing another overseas acquisition in our growth journey,” says Rajen Mariwala, managing director of Eternis, which is based in Mumbai. 

Eternis CEO Wilfrid Gambade added, “We are thrilled to welcome Sharon PC into our family. The addition of this large Personal Care pure-play and high-end manufacturer enhances our business and brings with it many strategic advantages. Sharon PC’s commitment to sustainability, innovation and quality perfectly aligns with our vision of delivering products that make people feel good and reflect our values. This acquisition will further establish us in Europe and the US, with the ability to service our customers with products under new segments from the sites, stock hubs and offices there. The combined portfolio will uniquely position us for further growth. Further, our DNA of ‘Eternally Agile and Forever Customer Centric’ is also a key principle of Sharon PC’s Corporate ethos. In many respects, a perfect fit.”

According to Sharon PC CEO Naama Eylon, the acquisition provides several benefits to customers.

“Our combined manufacturing and distribution footprints across India, Europe, Asia and the US will offer a robust supply chain. Further, this partnership will enable us to reach Asia-Pacific with personal care products ensuring more customers can experience the brand’s high-quality and innovative offerings,” she explained. “I am very excited about our future, together. On a personal note, as a leader, I’m happy for the exciting times to come, where we will plug-in and continue to grow & innovate.”

A Smooth Transition Expected

Sharon PC will plug-in into the Eternis model. Both business units will cater to their distinct yet adjacent application markets of aroma and cosmetic/personal care. As the personal care segment continues to experience rapid growth, driven by changing consumer preferences and an increasing focus on wellness and self-care, the group aims to position itself through its innovations to anticipate the demands of tomorrow’s consumers as well.

With the added benefit of expanded resources to fuel further growth, Sharon PC will maintain its product lines under the same brand name but with a modified identity infused with elements of Eternis.

About Eternis Fine Chemicals

Eternis Fine Chemicals Ltd, is a wholly-owned family business operating in the fragrance and flavor industry for decades. Eternis was founded in India in 1988 as Hindustan Polyamides and Fibres Limited (HPFL) and was re-branded as Eternis Fine Chemicals Ltd in 2015. 

Eternis has four manufacturing facilities in the State of Maharashtra (India), with a total capacity of over 66,000 tons per year of aroma chemicals. It has a turnover of over $250 million and has 600+ employees. Eternis made its first acquisition in 2018 with the addition of Aims Impex in India, and very soon went on to acquire Tennants Fine Chemicals Ltd, UK in 2021 and has been continuously expanding its capacities and portfolio.