Spanish luxury goods company Puig has acquired Corporación Químico-Farmacéutica Esteve's 50% stake in dermocosmetics brand ISDIN, giving it full ownership of the business.

The deal marks a new phase in a partnership established 50 years ago between the Esteve and Puig families, who combined their expertise in science and beauty to create ISDIN. Since then, both families have supported the company's development into an international dermatology and skincare business.

Marc Puig, Executive Chairman of Puig, said: "ISDIN represents five decades of shared vision between the Puig and Esteve families. Together, we have helped build a company with a distinctive position at the intersection of science and beauty. We are grateful to the Esteve family for its decisive contribution and for the trust that has characterised our partnership. Puig will approach this next chapter with a long-term commitment to ISDIN, its people, its scientific culture and its continued development."

Jose Manuel Albesa, CEO of Puig, said: "Expanding our presence in dermocosmetics is a strategic priority for Puig. ISDIN is a unique company, with a strong management team, a clear strategy and a distinctive position in dermatology and skincare. Full ownership will give Puig the best platform to support its next phase of growth, deepen our presence in dermocosmetics and continue investing behind the science, innovation and brand strength that have made ISDIN successful."

For more information, visit puig.com.