Announced
Completed
Financials
Sources
Tags
cosmetic products
United States
Private
Personal Products
Acquisition
Friendly
Completed
Single Bidder
Majority
Domestic
Synopsis
e.l.f., an American cosmetics brand based in Oakland, completed the acquisition of W3LL PEOPLE, a clean beauty company, for $27m. "We are pleased to bring clean beauty pioneer W3LL PEOPLE under the e.l.f. Beauty umbrella as our first strategic extension. Clean beauty is a strategically important segment given consumer sentiment and strong growth rates. W3LL PEOPLE has a long history of expertise and credibility in clean beauty that works. Their brand values and market opportunity align closely with e.l.f. and we believe there are a number of synergies to be realized on both the cost and distribution fronts," Tarang Amin, e.l.f. Beauty Chairman and CEO.
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