Happi Staff07.01.20
Voyant Beauty Holdings LLC will purchase the Kik Personal Care business from Kik Consumer Products. A purchase price was not disclosed. Voyant, which makes hair care, bath and body and skin care products for brands, is backed by private equity firm, Wind Point Partners.
According to Voyant, the move broadens Voyant's innovation capabilities and product offerings. When the deal closes, Voyant will have 15 manufacturing facilities globally.
The two businesses are highly complementary in many areas, and this combination will benefit our customers in numerous ways,” said 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.”
According to Voyant, the move broadens Voyant's innovation capabilities and product offerings. When the deal closes, Voyant will have 15 manufacturing facilities globally.
The two businesses are highly complementary in many areas, and this combination will benefit our customers in numerous ways,” said 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.”
