Strand Cosmetics Europe - a designer, formulator and manufacturer of made in France high-end skincare and make-up products for beauty brands - has joined the 3rd Bpifrance SME Accelerator programme: recognition of a talented player well placed to become one of the mid-sized companies of the future.

Éric Bouvier, General Director of Strand Cosmetics Europe

Strand Cosmetics Europe is one of the 60 companies selected for the third Bpifrance SME Accelerator programme. This procedure is designed to enable small and medium-sized enterprises to become the mid-sized companies of tomorrow, through personalised support by Bpifrance for no fewer than 24 months covering areas such as growth, industrial excellence, leadership, governance, performance and internationalisation.

Engaged in an industrial performance plan and already accompanied by SEB as part of a customised partnership, Strand Cosmetics Europe aims to reach 50 million euros in turnover with 250 employees.

The company currently employs 145 people, including 30 dedicated to R&D, and reported turnover of 24.6 million euros in 2016. Production is carried out in four distinct workshops, in compliance with Good Manufacturing Practices (GMP). Strand Cosmetics Europe is certified ISO 9001, ISO 14001, OHSAS 18001 and ISO 22716 and has been authorized by the FDA to produce OTC products. The company recently opened a sales office in New York with the aim to strengthen its growth in North America.