Ranir acquires Synpart biz from HemCon Medical Technologies
GRAND RAPIDS, Mich. Ranir, an oral care consumer products company, has acquired Synpart Limited and Synpart AG from HemCon Medical Technologies. Synpart is a manufacturer and marketer of store-brand oral care products in the European Union and a contract manufacturer for global branded oral care companies.
Along with Ranir, Synpart will become a division of Ranir Global Holdings. The acquisition of Synpart will allow Ranir to build a global oral care footprint, increase its product offerings, expand its expertise in oral care and enhance its supply chain partnership network.
"Teaming with Synpart will not only allow us to accelerate our growth through international expansion in important U.K. and European markets, but it will also expand our oral care product line and enable us to increase our commitment to innovation to exceed the expectations of our customer partners," stated Christine Henisee, CEO of Ranir.
Helmut Schlieper joins the Ranir senior management team as president of Synpart, now a division of Ranir Global Holdings. Schlieper founded Synpart AG in 2004. Mike Levenstein, currently COO of Synpart Limited, will lead Synpart's contract business and direct its Asian operations.
"We are thrilled to join Ranir and be part of a company that has such a strong commitment to innovation, efficiency and high-quality products. This acquisition brings added value to both companies and to our retail and contract manufacturing customers by significantly enhancing our innovation capabilities and supply chain efficiencies so we can continue to develop products that exceed [customer's] expectations," Schlieper added.
Current Ranir management, including Henisee and CFO Joe Townshend, will continue to lead Ranir Global Holdings.