10.30.18
Laboratoires Expanscience, a family-owned French pharmaceutical and dermo-cosmetics company behind Mustela, has acquired US-based skincare brands Babo Botanicals, LLC.
Babo Botanicals was founded in 2010 by Kate Solomon, a young mother searching for safe, efficacious, and natural products for her children. The company develops and markets a full range of mineral and plant-based premium skin care, sun care and hair care solutions for babies, children and adults with sensitive skin. The firm’s formulations certified by the Environmental Working Group.
Solomon will retain her position as president of Babo Botanicals and will continue to operate with her team out of their Scarsdale, NY offices.
Laboratoires Expanscience, founded in 1950, is a French family-owned pharmaceutical and dermo-cosmetics laboratory, with a turnover of c. €270 million, 62% of which is international.
According to the Expanscience, the strategic acquisition of Babo Botanicals will allow it to strengthen its presence in the baby and family category, with the addition of a business and brand that are complementary to its own Mustela brand, in terms of product lines, customers and expertise, particularly in the natural skin care and mineral-based sun care categories. Mustela will also gain access to important US distributors, specialized in premium natural and safe products, as well as to key retailers including Whole Foods where Babo Botanicals is launching nationwide.
Furthermore, Babo Botanicals' growth will be accelerated both in the US and international markets, according to Expanscience.
"This acquisition marks an important milestone in Expanscience's development in the US market,” said Jean-Paul Berthomé, president of Laboratoires Expanscience. “ Babo Botanicals will accelerate Mustela's growth in the U.S. and is fully aligned with our commitment to the well-being of consumers. We share the same values and ambitions. We look forward to working with Kate Solomon and to providing Babo Botanicals with our expertise and resources to grow the brand both in the US and abroad."
Solomon, founder and president of Babo Botanicals, said that being part of a company such as “Expanscience, known for its expertise in safe product formulations, development of natural active ingredients, and its dedicated R&D and production center in France, is a tremendous opportunity for Babo Botanicals to further grow the brand and its visibility and presence globally."
Solomon will retain her position as president of Babo Botanicals and will continue to operate with her team out of their Scarsdale, NY offices.
Vendôme Global Partners, a New York based M&A advisory firm, acted as exclusive financial advisor to Expanscience | Mustela.
Babo Botanicals was founded in 2010 by Kate Solomon, a young mother searching for safe, efficacious, and natural products for her children. The company develops and markets a full range of mineral and plant-based premium skin care, sun care and hair care solutions for babies, children and adults with sensitive skin. The firm’s formulations certified by the Environmental Working Group.
Solomon will retain her position as president of Babo Botanicals and will continue to operate with her team out of their Scarsdale, NY offices.
Laboratoires Expanscience, founded in 1950, is a French family-owned pharmaceutical and dermo-cosmetics laboratory, with a turnover of c. €270 million, 62% of which is international.
According to the Expanscience, the strategic acquisition of Babo Botanicals will allow it to strengthen its presence in the baby and family category, with the addition of a business and brand that are complementary to its own Mustela brand, in terms of product lines, customers and expertise, particularly in the natural skin care and mineral-based sun care categories. Mustela will also gain access to important US distributors, specialized in premium natural and safe products, as well as to key retailers including Whole Foods where Babo Botanicals is launching nationwide.
Furthermore, Babo Botanicals' growth will be accelerated both in the US and international markets, according to Expanscience.
"This acquisition marks an important milestone in Expanscience's development in the US market,” said Jean-Paul Berthomé, president of Laboratoires Expanscience. “ Babo Botanicals will accelerate Mustela's growth in the U.S. and is fully aligned with our commitment to the well-being of consumers. We share the same values and ambitions. We look forward to working with Kate Solomon and to providing Babo Botanicals with our expertise and resources to grow the brand both in the US and abroad."
Solomon, founder and president of Babo Botanicals, said that being part of a company such as “Expanscience, known for its expertise in safe product formulations, development of natural active ingredients, and its dedicated R&D and production center in France, is a tremendous opportunity for Babo Botanicals to further grow the brand and its visibility and presence globally."
Solomon will retain her position as president of Babo Botanicals and will continue to operate with her team out of their Scarsdale, NY offices.
Vendôme Global Partners, a New York based M&A advisory firm, acted as exclusive financial advisor to Expanscience | Mustela.
