Yellow Wood Partners-backed Suave Brands Company completed the acquisition of ChapStick from Haleon for $430m.

Yellow Wood Partners-backed Suave Brands Company, a personal care products company, completed the acquisition of ChapStick, a lip care brand, from Haleon, a British multinational consumer healthcare company, for $430m. "The Yellow Wood team established Suave Brands Company in May 2023 to acquire the Suave brand from Unilever. We saw the opportunity to grow Suave with a more focused management approach while also creating the corporate infrastructure to acquire and manage additional personal care brands across multiple categories to drive synergies across the platform. We are excited to add ChapStick, another leading brand with deep equity and history, into our platform," Daniel Alter, Suave Brands Company CEO.