THE WHAT? Yellow Wood Partners’ portfolio company, Suave Brands has announced that it has completed the acquisition of the ChapStick brand from Haleon. As part of the deal, Haleon has become a shareholder in Suave Brands.
THE DETAILS Further terms of the deal were not disclosed. Dana Schmaltz, Partner at Yellow Wood Partners, commented, “We see strategic value in combining ChapStick with Suave and, as a result of this acquisition, we have expanded Suave’s capabilities and portfolio of products. Our brands have strong equity and a profitable organic growth strategy in place. The combined expertise and resources of Suave and ChapStick will enable us to better serve our customers and consumers and accelerate growth.”
THE WHY? Suave Brands Company Chief Executive Officer, Daniel Alter, said, “As we continue to build Suave Brands Company as the top independent North American beauty and personal care company by combining the agility of a start-up with the power of market leading brands, the addition of ChapStick is a perfect fit that augments our strategy. This transaction is a great example of Suave Brands Company’s disciplined approach to value-creating acquisitions and our larger growth strategy.”
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
-
Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
-
Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
-
Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
-
Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
-
Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
