Japanese firm takes acquisition route to VN beauty market

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Japan-based Takara Belmont said it has acquired Vietnamese producer of hair care products, Ngu A Chau, for VND181 billion (US$8 million).

Japan-based Takara Belmont said it has acquired Vietnamese producer of hair care products, Ngu A Chau. — Photo Hoang Nam

Japan-based Takara Belmont said it has acquired Vietnamese producer of hair care products, Ngu A Chau, for VND181 billion (US$8 million).

Takara Belmont is the world leader in salon and spa design and salon and dental equipment manufacture, while Ngu A Chau 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 Viet Nam in 2013 and set up a medical equipment production plant at the Long Duc Industrial Park in the southern province of Long An.

“By acquiring Ngu A Chau Ltd Co, Takara Belmont enters the beauty market in Viet Nam,” Hidetaka Yoshikawa, the latter’s president and CEO, said. — VNS

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