Fareva likely to pick up L’Oréal’s Irish plant

A little known French family firm, Fareva, which produces shampoos, deodorants, aerosols, pharmaceuticals, lipstick, bath salts and other products for major groups, expects to take control of a cosmetics production plant in Ireland owned by L'Oréal. Fareva group vice president, Jacques Revel, says L'Oréal could become one of the 
enterprise's major clients over the next few years.

The basis for the move, according to Revel, is
 that L'Oréal sees
 its role in creating added value through cosmetics design and international 
marketing of 
new products rather than in production.


Fareva was set up in 1980 to make household products but has gradually 
extended its 
role and today, for example, produces drugs for nine of the world's major 
pharmaceutical
 companies. The company is forecasting sales this year of about €700m 
with investment 
of €45m, excluding acquisitions.