San Martino di Lupari, January 23, 2025
Pettenon Cosmetics SpA SB, an international leader in professional hair and skin care, takes a significant step forward in its growth strategy with the merger by incorporation of its subsidiary G&P Cosmetics, effective January 1, 2025. This operation strengthens the Group's competitiveness, optimizes operational efficiency, and consolidates its role as an ambassador of Made in Italy worldwide, thanks to three specialized production centers.
"The integration of G&P Cosmetics, our House of Color, represents a strategic milestone for Pettenon Cosmetics. Color is an essential element in the world of professional haircare, where innovation and quality are decisive factors for success. With this merger, we enhance our production know-how and excellently meet the demands of an increasingly competitive and demanding market," stated Luigi Ambrosini, CEO of Pettenon Cosmetics. "This step allows us to combine tradition and innovation, reinforcing our commitment to sustainable growth and the global expansion of Made in Italy, placing the talent and skills of our people at the center."
Thanks to the merger, approved by the Shareholders' Meeting and the Board of Directors on September 25, 2024, Pettenon incorporates all the assets of G&P Cosmetics, including personnel, brands, and real estate, ensuring a more centralized and effective management. The union procedure, successfully completed with the consent of all parties, allows the 119 employees of G&P Cosmetics to transition to Pettenon without interruptions, maintaining acquired rights and company benefits.
This operation marks a decisive milestone in the growth of Pettenon Cosmetics. Thanks to the integration of the resources and expertise of G&P Cosmetics, the Group will be able to accelerate the development of increasingly innovative products and meet the expectations of a constantly evolving global market. With three highly specialized production centers located in San Martino di Lupari (PD), Cartigliano (VI), and Sansepolcro (AR), Pettenon Cosmetics confirms itself as a center of excellence in Italian professional cosmetics and a reliable partner for customers and collaborators worldwide.