Announced
Completed
Financials
Tags
Acquisition
Domestic
Majority
cosmetics
Friendly
United Kingdom
Cosmetics
Single Bidder
Public
Completed
Synopsis
Brand Architekts Group, a cosmetics company, completed the acquisition of InnovaDerma, a cosmetics manufacturer, for £13m. "The Merger makes strong strategic sense for both parties, delivering an improved portfolio of core brands that we can scale, as well as cost synergies. The structure of the deal means that the enlarged group will retain a very strong balance sheet. We look forward to welcoming our new shareholders to the register in due course," Roger McDowell, Brand Architekts Chairman.
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