JAPAN: Pola Orbis Holdings Inc. has acquired Austrian firm Jurlique International Pty. Ltd., a vertically integrated leader in the natural skin care market.
Founded in 1985, the company uses plants and botanicals grown on a company owned, 153-acre biodynamic farm in the Adelaide Hills of Australia. Jurlique has a powerful multi-channel business model that encompasses concept stores, department stores, specialty retailers, spas, duty free/airlines and e-commerce in Australia, Asia, the US and Europe. It is the leading skin care brand in Australia and experiencing significant growth in Asia, according to Pola.
Jurlique’s products feature botanicals grown on its own biodynamic farm in Australia.
“The Pola transaction represents a significant and exciting milestone for Jurlique,” said Jurlique’s president and CEO Sam McKay. “Our brand is well positioned with a strong presence and compelling momentum in key strategic markets, with a focus on Asia, the Americas and our home market Australia. I look forward to working closely with Pola to pursue opportunities to further accelerate growth on a global scale; both in terms of greater penetration of existing multi-channel distribution and geographic expansion.”
McKay continued, “We are fortunate to have passionate and talented employees, supportive business partners and loyal customers, all of whom have played a significant role in growing Jurlique globally.”
The existing management team will continue with the company and work closely with Pola to leverage synergistic opportunities.
Founded in 1929, Pola Orbis also operates in overseas markets, including China and Russia, employing a multi-channel strategy with multiple brands to meet diversified customer demands and increase market share. With its 29 consolidated subsidiaries, Pola Orbis has consolidated sales of $2 billion for the fiscal year ended Dec. 31, 2010.