Jul 8 2010
Ranir, LLC, a leading oral care consumer products company, announced today that it has acquired Synpart Limited and Synpart AG from HemCon Medical Technologies, Inc. Synpart is a leading manufacturer and marketer of store brand oral care products in the European Community and a contract manufacturer for global branded oral care companies.
“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”
Along with Ranir, LLC, Synpart will become a division of Ranir Global Holdings, LLC. The combined company is now the largest store brand oral care company in the world and a significant contract supplier to global branded oral care companies. 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," said Christine Henisee, CEO of Ranir, who joined the company in 2003 and has more than 30 years of consumer products experience.
Henisee added, "We expect to see oral care category growth fueled by the growing awareness of the connection between oral health and overall wellness in developed countries worldwide."
Helmut Schlieper joins the Ranir senior management team as President of Synpart, a division of Ranir Global Holdings, LLC. Mr. Schlieper founded Synpart AG in 2004. Mike Levenstein, currently Chief Operating Officer 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 and end consumer expectations," said Helmut Schlieper, President of Synpart.
Current Ranir management, including Christine Henisee, Chief Executive Officer and Joe Townshend, Chief Financial Officer, will continue to lead Ranir Global Holdings, LLC.