SAN FRANCISCO--(BUSINESS WIRE)--SV Labs Corporation (“SV Labs”), a portfolio company of San Francisco Equity Partners (“SFEP”) and a leading contract development and manufacturing organization (“CDMO”) serving beauty and personal care brands, today announced the acquisition of Sigan Industries Group, Inc. (“Sigan Industries”). 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 serving beauty and personal care brands in multiple end markets including haircare, skincare, body care and Over-the-Counter (“OTC”) products. Based in Toronto, Canada, the company has developed a reputation for innovation, quality and exceptional customer service over its 26-year operating history.
“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, Co-Founder of Sigan Industries. “I am confident that our partnership with SV Labs will significantly enhance the value that we deliver to our customers.”
With the acquisition of Sigan Industries, SV Labs now operates four production facilities spanning over 500,000 square feet, including SV Labs’ existing facilities in California and Wisconsin. The partnership between SV Labs and Sigan Industries is highly complementary with respect to formulation capabilities, manufacturing strengths, facility locations, customer bases and product end markets. The combined companies will continue to serve a diverse and growing roster of customers including multi-national CPG companies, emerging brands and leading retailers.
“In working with Dean and the Sigan Industries management team, we became increasingly convinced that Sigan’s development capabilities, product category expertise and manufacturing operations would be a great fit with our business,” said Graham Orriss, CEO of SV Labs. “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.”
“The dynamics in the beauty and personal care markets are attractive for a focused and scaled CDMO 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 SFEP. “We are thrilled to add Sigan Industries to the SV Labs family and to support Graham and the combined management team as they continue to build a leading platform in this space.”
Stikeman Elliot LLP and Morrison Foerster LLP served as legal counsel to SV Labs on the transaction, and William Blair served as SV Labs’ exclusive financial advisor. McMillan LLP served as Sigan Industries’ legal counsel on the transaction, while Dyens & Co. served as its exclusive financial advisor.
About SV Labs
SV Labs is a contract formulator and manufacturer of beauty and personal care products across multiple categories including anhydrous products, powders, hot pour and liquid filling. Since its founding decades ago, the company has been a leader in the clean beauty movement and has developed strong relationships with a diverse customer base ranging from emerging brands to multi-national CPG companies. SV Labs provides a host of turnkey services to its customers including concept creation, formula development, manufacturing, filling, quality assurance, labeling, packaging and fulfillment. The company has earned a reputation for its high levels of quality, innovation and responsiveness. For more information, please visit www.svlabs.com.
About San Francisco Equity Partners
San Francisco Equity Partners is a private equity firm focused exclusively on partnering with lower middle market companies in the consumer value chain. To each of its portfolio companies, SFEP serves as an extension of the management team and provides deep consumer domain expertise, strategic and operational guidance, a broad network of relationships and a stable of industry resources. For more information, please visit www.sfequitypartners.com.
