|Japan-based Takara Belmont said it has acquired Vietnamese producer of hair care products, Ngữ Á Châu. — Photo Hoàng Nam|
HCM CITY — Japan-based Takara Belmont said it has acquired Vietnamese producer of hair care products, Ngữ Á Châu, for VNĐ181 billion (US$8 million).
Takara Belmont is the world leader in salon and spa design and salon and dental equipment manufacture, while Ngữ Á Châu has a plant and a large distribution network for its KANAC and other brands of hair care, hand wash and other products.
Takara Belmont came to Việt Nam in 2013 and set up a medical equipment production plant at the Long Đức Industrial Park in the southern province of Long An.
“By acquiring Ngữ Á Châu Ltd Co, Takara Belmont enters the beauty market in Việt Nam,” Hidetaka Yoshikawa, the latter’s president and CEO, said. — VNS