Cosmogen steps up its game with the acquisition of Asquan Group
By acquiring 100% of Asquan Group, a Hong Kong–based beauty packaging specialist, Cosmogen is entering a new growth phase and creating Cosmogen&Asquan Group. With a broader offer and an international customer base, the new group aims to become a go-to packaging partner for brands, from global luxury players to emerging labels.
Backed by Weinberg Capital Partners, Cosmogen is speeding up its expansion by taking over Asquan Group, a recognised expert in airless solutions, lip gloss, mascaras, pump bottles and jars. Under the new name Cosmogen&Asquan Group, the company now brings together around 80 employees and generates 50 million dollars in consolidated revenue, positioning itself as a premium packaging one-stop shop across skincare, haircare, makeup and fragrance, while staying true to an agile fabless model supported by a strong international manufacturing network.
“This transaction strengthens our ability to support our clients while preserving their trust, through the constant attention we give them and an uncompromising level of service. The scale we are reaching today is a key lever: it strengthens our industrial footprint, reinforces our expertise and expands our range of solutions. This dynamic primarily benefits our clients and amplifies what has always been our strength,” says Henri Tinchant, COO at Cosmogen&Asquan Group.
