Key Takeaways
- • SV Labs Corporation, a portfolio company of San Francisco Equity Partners (SFEP), announced its acquisition of Sigan Industries Group, Inc., a Toronto-based CDMO serving beauty and personal care brands.
- • Financial terms of the transaction were not disclosed; Sigan Industries shareholders retained a meaningful ownership interest in the combined entity.
- • The combined company, led by SV Labs CEO Graham Orriss, operates four production facilities spanning more than 500,000 square feet across California, Wisconsin, and Canada.
- • Sigan Industries brings a 26-year operating history and capabilities in haircare, skincare, body care and OTC products, complementing SV Labs' formulation and manufacturing strengths.
- • Legal and financial advisers included William Blair (exclusive financial advisor to SV Labs) and Dyens & Co. (exclusive financial advisor to Sigan Industries).
Summary
SV Labs Corporation ("SV Labs"), a portfolio company of San Francisco Equity Partners ("SFEP") and a contract development and manufacturing organization (CDMO) serving beauty and personal care brands, announced the acquisition of Sigan Industries Group, Inc. ("Sigan Industries"), according to a Business Wire release dated October 29, 2024. Financial terms of the transaction were not disclosed. Sigan Industries shareholders retained a meaningful ownership interest in the combined entity, which will be led by SV Labs CEO Graham Orriss.
Sigan Industries is a full-service CDMO headquartered in Toronto, Canada, serving beauty and personal care brands across haircare, skincare, body care and Over-the-Counter (OTC) products. The company has a 26-year operating history and, per the release, a reputation for innovation, quality and customer service.
Following the transaction, SV Labs operates four production facilities spanning over 500,000 square feet, including its existing facilities in California and Wisconsin. The companies describe their partnership as highly complementary across formulation capabilities, manufacturing strengths, facility locations, customer bases and product end markets. The combined business will continue to serve multinational CPG companies, emerging brands and leading retailers.
Dean Gangbar, Co-Founder of Sigan Industries, said the partnership would "significantly enhance the value that we deliver to our customers." Graham Orriss said the acquisition would expand innovation and manufacturing capabilities while maintaining the "concierge-level customer service model" both companies are known for. Scott Potter, Managing Partner at SFEP, said the beauty and personal care markets are attractive for a focused and scaled CDMO.
Stikeman Elliott LLP and Morrison Foerster LLP served as legal counsel to SV Labs, with William Blair as exclusive financial advisor. McMillan LLP served as legal counsel to Sigan Industries, with Dyens & Co. as its exclusive financial advisor.
SV Labs describes itself as a contract formulator and manufacturer across anhydrous products, powders, hot pour and liquid filling, offering services including formula development, filling, quality assurance, labeling, packaging and fulfillment. SFEP is a private equity firm focused on lower middle market companies in the consumer value chain.
Sigan Industries is a full-service CDMO headquartered in Toronto, Canada, serving beauty and personal care brands across haircare, skincare, body care and Over-the-Counter (OTC) products. The company has a 26-year operating history and, per the release, a reputation for innovation, quality and customer service.
Following the transaction, SV Labs operates four production facilities spanning over 500,000 square feet, including its existing facilities in California and Wisconsin. The companies describe their partnership as highly complementary across formulation capabilities, manufacturing strengths, facility locations, customer bases and product end markets. The combined business will continue to serve multinational CPG companies, emerging brands and leading retailers.
Dean Gangbar, Co-Founder of Sigan Industries, said the partnership would "significantly enhance the value that we deliver to our customers." Graham Orriss said the acquisition would expand innovation and manufacturing capabilities while maintaining the "concierge-level customer service model" both companies are known for. Scott Potter, Managing Partner at SFEP, said the beauty and personal care markets are attractive for a focused and scaled CDMO.
Stikeman Elliott LLP and Morrison Foerster LLP served as legal counsel to SV Labs, with William Blair as exclusive financial advisor. McMillan LLP served as legal counsel to Sigan Industries, with Dyens & Co. as its exclusive financial advisor.
SV Labs describes itself as a contract formulator and manufacturer across anhydrous products, powders, hot pour and liquid filling, offering services including formula development, filling, quality assurance, labeling, packaging and fulfillment. SFEP is a private equity firm focused on lower middle market companies in the consumer value chain.
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