18-Jan-2023 Intellasia |
Rohto-Mentholatum Vietnam has completed the purchase and sale agreement and change of ownership of Naris Cosmetics Vietnam.
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.
Category: Business, Vietnam
Article source: https://www.intellasia.net/rohto-mentholatum-vietnam-takes-over-naris-cosmetics-1138403