Written on: July 1, 2020 by SprayTM
Wind Point Partners and portfolio company Voyant Beauty Holdings, LLC, a full-service partner to the personal care and beauty industry, has announced that it has entered into a definitive agreement to acquire the KIK Personal Care (KPC) business from KIK Custom Products. KPC is a North American manufacturing partner and formulator for personal care, prestige beauty, over-the-counter and household products serving global consumer product companies and fast-growing asset-light brand owners, and a leading supplier of personal care guest amenities to the North American hotel industry.
Voyant Beauty is a value-added manufacturer of hair care, bath and body, and skin care products to both established and fast-growing emerging brands. The acquisition of KPC will broaden Voyant Beauty’s product offering as well as enhance product development and innovation capabilities. Combined, Voyant Beauty can offer customers expanded manufacturing capabilities through 15 facilities in North America and internationally.
Richard McEvoy, CEO of Voyant Beauty, expressed, “We are very excited to welcome the KPC team to Voyant. The two businesses are highly complementary in many areas, and this combination will benefit our customers in numerous ways. In addition, the acquisition of KPC will diversify the Voyant’s 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.”
David Stott, Managing Director with Wind Point Partners, stated, “KPC significantly strengthens the Voyant Beauty business, as personal and beauty care brands continue to value manufacturing partners that bring new and exciting innovation concepts to the table and act as an extension of their supply chain.”
The transaction is expected to be completed following the satisfaction of customary closing conditions and approvals.