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SV LABS ACQUIRES FELLOW CONTRACT BEAUTY MANUFACTURER SIGAN INDUSTRIES

SV Labs, which is backed by San Francisco Equity Partners, will further its
formulation and manufacturing capabilities with the acquisition.

By Noor Lobad Plus Icon
Noor Lobad

Beauty Reporter


RECENT ARTICLES BY NOOR LOBAD

 * SV Labs Acquires Fellow Contract Beauty Manufacturer Sigan Industries
 * Beauty’s 15 Biggest Brands by Engagement on TikTok, Instagram and YouTube
 * The Latest Lip Launches From Female-founded Brands — From Tinted Balms to
   Oils to Glosses

View All
October 29, 2024, 8:39am
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SV Labs Corporation has acquired Sigan Industries Group Inc. triocean -
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Two contract beauty manufacturers are joining forces, with SV Labs Corporation
acquiring Sigan Industries Group Inc.

Financial terms of the deal were not disclosed.

The combined entity will be led by SV Labs chief executive officer Graham
Orriss, who said in a statement: “This partnership will enable us to offer
expanded innovation and manufacturing capabilities to our customer base while
still delivering the concierge-level customer service model that both companies
are known for.”

Santa Cruz, Calif.-based SV Labs (previously Smith & Vandiver Corp.) is backed
by San Francisco Equity Partners, which also invested in color cosmetics brand
Jane Iredale and counts Method and Japonesque among its previous beauty and
personal care investments.




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“SV Labs is the ideal partner to support Sigan Industries’ continued growth,
given our shared values of operational excellence and customer service,” said
Dean Gangbar, cofounder of Toronto-based Sigan Industries in a statement. “I am
confident that our partnership with SV Labs will significantly enhance the value
that we deliver to our customers.”

With this acquisition, SV Labs now operates four production facilities offering
product development and manufacturing services in skin, hair and body care, and
over-the-counter products. The company has long been known for developing
natural beauty products, including bath salts, bath bombs and CBD skin care
offerings.

As demand for product development services has soared in recent years, so has
M&A activity in the space. In 2022, San Francisco-based investment firm Knox
Lane acquired a majority stake in premium beauty products formulator and
manufacturer Elevation Labs for an undisclosed amount, and in April of this
year, Elevation Labs acquired Boomerang Labs — another beauty and personal care
formulator and manufacturer.

Elsewhere, TruArc Partners, a private equity firm focused on the middle-market,
last year invested in personal care formulator and manufacturer, Trademark
Cosmetics.

“The dynamics in the beauty and personal care markets are attractive for a
focused and scaled contract development and manufacturing organization like SV
labs, which can serve brands as both an innovation partner and a high-quality,
efficient manufacturing partner,” added Scott Potter, managing partner at San
Francisco Equity Partners.




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 * beauty
 * beauty industry

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   notice are saved and made available to those entities in the form of digital
   signals (such as a string of characters). This is necessary in order to
   enable both this service and those entities to respect such choices.
   
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 * IDENTIFY DEVICES BASED ON INFORMATION TRANSMITTED AUTOMATICALLY 501 PARTNERS
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   Your device might be distinguished from other devices based on information it
   automatically sends when accessing the Internet (for instance, the IP address
   of your Internet connection or the type of browser you are using) in support
   of the purposes exposed in this notice.

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PERFORMANCE COOKIES 621 PARTNERS CAN USE THIS PURPOSE

Performance Cookies

These cookies allow us to count visits and traffic sources so we can measure and
improve the performance of our site. They help us to know which pages are the
most and least popular and see how visitors move around the site. All
information these cookies collect is aggregated and therefore anonymous. If you
do not allow these cookies we will not know when you have visited our site, and
will not be able to monitor its performance.

 * MEASURE CONTENT PERFORMANCE 367 PARTNERS CAN USE THIS PURPOSE
   
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   Information regarding which content is presented to you and how you interact
   with it can be used to determine whether the (non-advertising) content e.g.
   reached its intended audience and matched your interests. For instance,
   whether you read an article, watch a video, listen to a podcast or look at a
   product description, how long you spent on this service and the web pages you
   visit etc. This is very helpful to understand the relevance of
   (non-advertising) content that is shown to you.
   
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 * DEVELOP AND IMPROVE SERVICES 551 PARTNERS CAN USE THIS PURPOSE
   
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   Information about your activity on this service, such as your interaction
   with ads or content, can be very helpful to improve products and services and
   to build new products and services based on user interactions, the type of
   audience, etc. This specific purpose does not include the development or
   improvement of user profiles and identifiers.
   
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FUNCTIONAL COOKIES 499 PARTNERS CAN USE THIS PURPOSE

Functional Cookies

These cookies enable the website to provide enhanced functionality and
personalisation. They may be set by us or by third party providers whose
services we have added to our pages. If you do not allow these cookies then some
or all of these services may not function properly.

 * UNDERSTAND AUDIENCES THROUGH STATISTICS OR COMBINATIONS OF DATA FROM
   DIFFERENT SOURCES 460 PARTNERS CAN USE THIS PURPOSE
   
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   Reports can be generated based on the combination of data sets (like user
   profiles, statistics, market research, analytics data) regarding your
   interactions and those of other users with advertising or (non-advertising)
   content to identify common characteristics (for instance, to determine which
   target audiences are more receptive to an ad campaign or to certain
   contents).
   
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 * CREATE PROFILES TO PERSONALISE CONTENT 223 PARTNERS CAN USE THIS PURPOSE
   
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   Information about your activity on this service (for instance, forms you
   submit, non-advertising content you look at) can be stored and combined with
   other information about you (such as your previous activity on this service
   or other websites or apps) or similar users. This is then used to build or
   improve a profile about you (which might for example include possible
   interests and personal aspects). Your profile can be used (also later) to
   present content that appears more relevant based on your possible interests,
   such as by adapting the order in which content is shown to you, so that it is
   even easier for you to find content that matches your interests.
   
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TARGETING COOKIES 476 PARTNERS CAN USE THIS PURPOSE

Targeting Cookies

These cookies may be set through our site by our advertising partners. They may
be used by those companies to build a profile of your interests and show you
relevant adverts on other sites. They do not store directly personal
information, but are based on uniquely identifying your browser and internet
device. If you do not allow these cookies, you will experience less targeted
advertising.

 * ACTIVELY SCAN DEVICE CHARACTERISTICS FOR IDENTIFICATION 129 PARTNERS CAN USE
   THIS SPECIAL FEATURE
   
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   With your acceptance, certain characteristics specific to your device might
   be requested and used to distinguish it from other devices (such as the
   installed fonts or plugins, the resolution of your screen) in support of the
   purposes explained in this notice.

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PERSONALISED ADVERTISING AND CONTENT, ADVERTISING AND CONTENT MEASUREMENT,
AUDIENCE RESEARCH AND SERVICES DEVELOPMENT 796 PARTNERS CAN USE THIS PURPOSE

Personalised advertising and content, advertising and content measurement,
audience research and services development

 * USE LIMITED DATA TO SELECT ADVERTISING 632 PARTNERS CAN USE THIS PURPOSE
   
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   Advertising presented to you on this service can be based on limited data,
   such as the website or app you are using, your non-precise location, your
   device type or which content you are (or have been) interacting with (for
   example, to limit the number of times an ad is presented to you).
   
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 * CREATE PROFILES FOR PERSONALISED ADVERTISING 508 PARTNERS CAN USE THIS
   PURPOSE
   
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   Information about your activity on this service (such as forms you submit,
   content you look at) can be stored and combined with other information about
   you (for example, information from your previous activity on this service and
   other websites or apps) or similar users. This is then used to build or
   improve a profile about you (that might include possible interests and
   personal aspects). Your profile can be used (also later) to present
   advertising that appears more relevant based on your possible interests by
   this and other entities.
   
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 * USE PROFILES TO SELECT PERSONALISED ADVERTISING 502 PARTNERS CAN USE THIS
   PURPOSE
   
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   Advertising presented to you on this service can be based on your advertising
   profiles, which can reflect your activity on this service or other websites
   or apps (like the forms you submit, content you look at), possible interests
   and personal aspects.
   
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 * USE PROFILES TO SELECT PERSONALISED CONTENT 197 PARTNERS CAN USE THIS PURPOSE
   
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   Content presented to you on this service can be based on your content
   personalisation profiles, which can reflect your activity on this or other
   services (for instance, the forms you submit, content you look at), possible
   interests and personal aspects. This can for example be used to adapt the
   order in which content is shown to you, so that it is even easier for you to
   find (non-advertising) content that matches your interests.
   
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 * MEASURE ADVERTISING PERFORMANCE 737 PARTNERS CAN USE THIS PURPOSE
   
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   Information regarding which advertising is presented to you and how you
   interact with it can be used to determine how well an advert has worked for
   you or other users and whether the goals of the advertising were reached. For
   instance, whether you saw an ad, whether you clicked on it, whether it led
   you to buy a product or visit a website, etc. This is very helpful to
   understand the relevance of advertising campaigns.
   
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 * USE LIMITED DATA TO SELECT CONTENT 133 PARTNERS CAN USE THIS PURPOSE
   
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   Content presented to you on this service can be based on limited data, such
   as the website or app you are using, your non-precise location, your device
   type, or which content you are (or have been) interacting with (for example,
   to limit the number of times a video or an article is presented to you).
   
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