Announced
Completed
Financials
Tags
Majority
Single Bidder
skin care products
Acquisition
Private Equity
Private
Friendly
United States
Cosmetics
personal care products
Completed
Domestic
Synopsis
Private equity firm Wind Point Partners-backed Voyant Beauty Holdings, a manufacturer of beauty care products,completed the acquisition of KIK Personal Care, a manufacturing partner and formulator for personal care, prestige beauty, over-the-counter and household products. Financial terms were not disclosed. "For KIK, the KPC divestiture is a logical next step in the transformation we began in early 2019. This transaction is a very positive development for the KPC business. The combination with Voyant Beauty will allow KPC to be part of an organization that is focused entirely on the same industry. The two businesses are highly complementary and merging will enable a broader customer offering, enhanced innovation capabilities, and an extensive manufacturing network," Jared Knudson, KIK CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.