Kao, a manufacturer and marketer of globally recognized beauty brands, agreed to acquire Bondi Sands, a self tanning brand, for $450m. “Bondi Sands is an incredible brand and a perfect fit for the Kao Consumer Care Business portfolio. Quality, innovation, environmental responsibility, accessibility and community are at the forefront of everything it does, ideally aligning Bondi Sands to our own brand values and corporate philosophy, which we call the ‘Kao Way'," Karen Frank, Kao President, Consumer Care Business, Americas and EMEA.