01.10.12
SkinMedica, Inc. has acquired Colorescience, a mineral makeup company. Financial terms of the transaction were not disclosed.
The Colorescience range, founded by Diane Ranger, whoalso founded Bare Escentuals, is widely adopted in physician-based aesthetics practices.
"Mineral makeup has been a priority expansion target for us for some time.It is especially gratifying to combine with Colorescience, as their product line is based in science and trusted by our physician customers," said Mary Fisher, CEO of SkinMedica, which is based in Carlsbad, CA.
Josie Juncal will lead the new Colorescience subsidiary as VP, new commercial operations.Juncal, who has more than 10 years of experience in sales, sales management, marketing and education, has held lead roles at SkinMedica in product development, marketing, public relations, and education.
"Josie has very strong relationships with the clinical leaders in medical aesthetics and a proven track record for driving growth," said Fisher. " I am confident the outstanding team at Colorescience will deliver further impressive results under her leadership."
Colorescience recently launched Colorescience PRO, its high-performance line of cosmetics created to remedy and camouflage specific skin concerns while protecting from the damaging effects of the sun.
"Each Colorescience product has been carefully formulated to work together in achieving the best results.It is with that same thoughtful consideration of synergy and results, that we have chosen to merge with SkinMedica," said Ranger, founder of Colorescience. "Our shared values and commitment to creating advanced products for the physician channel make this an exciting partnership."
SkinMedica's aesthetic skin care products include TNS Essential Serum and TNS Recovery Complex. The firm also manufactures Vaniqa Cream, the only FDA-approved prescription product for the reduction of unwanted facial hair in women.
The Colorescience range, founded by Diane Ranger, whoalso founded Bare Escentuals, is widely adopted in physician-based aesthetics practices.
"Mineral makeup has been a priority expansion target for us for some time.It is especially gratifying to combine with Colorescience, as their product line is based in science and trusted by our physician customers," said Mary Fisher, CEO of SkinMedica, which is based in Carlsbad, CA.
Josie Juncal will lead the new Colorescience subsidiary as VP, new commercial operations.Juncal, who has more than 10 years of experience in sales, sales management, marketing and education, has held lead roles at SkinMedica in product development, marketing, public relations, and education.
"Josie has very strong relationships with the clinical leaders in medical aesthetics and a proven track record for driving growth," said Fisher. " I am confident the outstanding team at Colorescience will deliver further impressive results under her leadership."
"We are excited to add these highly complementary product offerings to expand our presence in the physician channel," said Ted Schwarz, SkinMedica’s president. "With Colorescience, we can now offer our physician customers three categories of patient care – skin care, non-surgical procedures, and now mineral makeup – which will further deepen our relationships with our customers and their patients by enhancing outcomes with immediate results."
Colorescience recently launched Colorescience PRO, its high-performance line of cosmetics created to remedy and camouflage specific skin concerns while protecting from the damaging effects of the sun.
"Each Colorescience product has been carefully formulated to work together in achieving the best results.It is with that same thoughtful consideration of synergy and results, that we have chosen to merge with SkinMedica," said Ranger, founder of Colorescience. "Our shared values and commitment to creating advanced products for the physician channel make this an exciting partnership."
SkinMedica's aesthetic skin care products include TNS Essential Serum and TNS Recovery Complex. The firm also manufactures Vaniqa Cream, the only FDA-approved prescription product for the reduction of unwanted facial hair in women.