admin Voyant Beauty Holdings LLC, a beauty manufacturer is building its business through an acquisition.
The private equity-backed company has signed up a deal to buy the Kik Personal Care business from Kik Consumer Products, which makes beauty and household care products, including for the hotel industry. Terms of the deal were not revealed.
Voyant, funded by Wind Point Partners, makes hair-care, bath and body and skin-care products for brands. The Kik acquisition will expand the company’s innovation capabilities and product offerings. When the deal closes, Voyant will have 15 manufacturing facilities around the world.
“The two businesses are highly complementary in many areas, and this combination will benefit our customers in numerous ways,” stated Voyant chief executive officer Richard McEvoy in a statement. “In addition, the acquisition of [Kik Personal Care] will diversify the Voyant Beauty business by adding new customers, unique product categories and aerosol manufacturing capabilities. Moreover, it will expand our manufacturing network and provide entry into hotel guest amenities, a new line of business for us.”
In recent years the manufacturing side of the beauty business has enticed a weighty amount of interest from private equity firms, especially from firms wary of betting on a single beauty brand. KCD-One has completed a series of acquisitions over the past few years, and Bain Capital spent in Maesa, which makes private label products for places like Ulta, as well as the Kristin Ess Hair and Flower Beauty Brands.
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