01.12.22
Known especially for its lipstick packaging, The Axilone Group, a leading manufacturer of primary packaging for fragrance, skin care and color cosmetics, has announced the acquisition of a majority stake in the capital of Anewcos, “an innovative formulation and filling company based in China.”
Established in 2011, Anewcos is located in Suzhou, Jiangsu province (China) that employs around 120 persons. With a site capacity of 13.000 sq m, Anewcos provides formulation, product development and filling services to Chinese brands in the beauty industry. Anewcos specializes in skin care creams as well as loose powders and foundation for color cosmetics.
According to Axilone, Anewcos offers flexibility and short lead-times, and has been developing “an extensive portfolio of innovative proprietary formulas, for which the company is renowned in the market.”
This acquisition of Anewcos enables the Axilone Group to accelerate its growth with brands in China and elsewhere, by offering turnkey solutions, and to diversify into product categories beyond lip makeup. The expertise of Anewcos on formulation will also help the Group “to offer superior solutions when designing next generations of primary packaging.”
Established in 2011, Anewcos is located in Suzhou, Jiangsu province (China) that employs around 120 persons. With a site capacity of 13.000 sq m, Anewcos provides formulation, product development and filling services to Chinese brands in the beauty industry. Anewcos specializes in skin care creams as well as loose powders and foundation for color cosmetics.
According to Axilone, Anewcos offers flexibility and short lead-times, and has been developing “an extensive portfolio of innovative proprietary formulas, for which the company is renowned in the market.”
This acquisition of Anewcos enables the Axilone Group to accelerate its growth with brands in China and elsewhere, by offering turnkey solutions, and to diversify into product categories beyond lip makeup. The expertise of Anewcos on formulation will also help the Group “to offer superior solutions when designing next generations of primary packaging.”