Cosmogen, the French cosmetics applicator packaging specialist, has acquired Hong Kong-based beauty packaging supplier Asqua to establish a new international player, Cosmogen&Asquan Group.
The group, which has a consolidated revenue of US$50m, will be led by Priscille Allais, CEO, alongside Henri Tinchant, founder of Asquan, who will serve as COO.
It will bring together nearly 80 employees, with operations across Europe, the US, Asia and the Middle East.
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The merger was supported by Weinberg Capital Partners, which became a majority shareholder of Cosmogen in December 2024, and is said to align with Cosmogen’s strategy to accelerate growth and become a leading global player.
Asquan is said to bring a broader product coverage to the group, with its range of sustainable mono-material and airless packaging, tottles and mini packaging formats across make-up and skin care.The financial terms of the deal have not been disclosed.
Priscille Allais, CEO of Cosmogen&Asquan Group, said: “In a consolidating beauty market, it was essential to evolve.
“The acquisition of Asquan was an obvious step, given the strength of the complementarity between our two companies.
“It enables us today to become a leading global partner for brands that are themselves global, while further strengthening our environmental and social commitments.”
Priscille Allais, CEO of Cosmogen&Asquan Group
Henri Tinchant, COO of Cosmogen&Asquan Group, added: “This transaction strengthens our ability to support our clients while preserving their trust, through the constant attention we give them and an uncompromising level of service.
“The scale we are reaching today is a key lever: it strengthens our industrial footprint, reinforces our expertise and expands our range of solutions.”
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