ACON Investments and DeA Capital have acquired a controlling stake in Romar Care Group, a Spanish producer of personal care and cosmetic products, aiming to leverage growth opportunities and enhance operational capabilities.

Target Information

ACON Investments, L.L.C. and its affiliates, in collaboration with DeA Capital Alternative Funds SGR SpA, have acquired a controlling stake in Romar Care Group (RGC). RGC, headquartered in Valencia, Spain, is a prominent producer and distributor of personal care, household, and cosmetic products. Established in 2019 through the merger of Quimi Romar and Envasados Xiomara, RGC has experienced significant growth since its inception, more than doubling its production capacity, expanding sales channels, and diversifying its geographical presence.

The company boasts a robust portfolio of brands, including Agrado, Mayordomo, Amalfi, Sairo, Air Freshener, Destello, and Garley. Currently, RGC sells its extensive range of products in over 100 countries worldwide, with a strong presence in Europe, the Middle East, North Africa, and Latin America. Notably, 60% of its revenues are derived from international markets, supported by subsidiaries located in Morocco, Colombia, and the United Kingdom. Key clients include renowned retail chains such as El Corte Inglés, Carrefour, and Lidl.

Industry Overview

The personal care and cosmetic industry in Spain has showcased remarkable resilience and growth, driven by increasing consumer demand for innovative and sustainable products. Spain is one of the leading markets in Europe for personal care produc