Hallstar has acquired Sytheon, Ltd. A purchase price was not disclosed. Sytheon’s product line includes Sytenol A bakuchiol, a retinol alternative. Like Hallstar, Sytheon has a global footprint with R&D capabilities and relationships with the world’s top brands. Both companies sell their products directly and through distribution.

Under terms of the agreement, Sytheon CEO and President Dr. Ratan K. Chaudhuri, COO François Marchio and other Sytheon employees will join Hallstar’s beauty division.

“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,” said Hallstar President and COO Carmen B. Masciantonio. “Sytheon’s unique, high-performance products and capabilities fit very well within our ingredient portfolio. Hallstar Beauty is eager to start collaborating with these new commercial and technical colleagues.”

Chaudhuri and Marchio are also preparing for a fruitful collaboration between the experienced teams. In a joint statement, Chaudhuri and Marchio said:

“The decision to join Hallstar was made carefully. It came down to finding a partner where not just our global revenue could grow but our people could develop. We are long admirers of Hallstar – its innovation as well as its strong leadership and long-term outlook. The team at Hallstar recognizes the quality and potential of our ingredients. We have a high degree of confidence that becoming part of Hallstar Beauty will fuel future growth and increase our penetration with existing and future customers.”

Chaudhuri founded Sytheon in 2006 after a long career in industry and academia. Marchio held several senior management positions at Merck KGaA before joining Sytheon as COO in 2008. The two will continue leading the Sytheon product line and will play key roles in leveraging Hallstar’s global reach and capabilities to drive growth and profitability.

“Having new colleagues and complementary expertise join our company is always rewarding,” said Hallstar Chairman and CEO John J. Paro. “Sytheon and Hallstar have an especially strong affinity as ethical, vital players in the industry. Together, we can do great things for our customers and, importantly, for our own people around the world.”