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Jurlique Acquired By Pola Orbis
Posted: December 5, 2011
On Nov. 30, 2011, Jurlique International Pty. Ltd signed a share purchase agreement with Pola Orbis Holdings Inc, wherein Pola is purchasing 100% of the shares of Jurlique.
"The Pola transaction represents a significant and exciting milestone for Jurlique. Our brand is well-positioned with a strong presence and compelling momentum in key strategic markets, with a focus on Asia, the Americas and our home market Australia," said Sam McKay, president and CEO, Jurlique. "I look forward to working closely with Pola to pursue opportunities to further accelerate growth on a global scale—both in terms of greater penetration of existing multichannel distribution and geographic expansion."
The existing management team will continue with the company and work closely with Pola to leverage synergistic opportunities.
Jurlique is a vertically integrated marketer of natural skin care products. Founded in 1985, the company utilizes plants and botanicals grown on a company owned, 153 acre biodynamic farm in the Adelaide Hills, Australia. Jurlique employs a multi-channel business model that encompasses concept stores, department stores, specialty retailers, spas, duty free/airlines, and e-commerce in Australia, Asia, the United States and Europe. According to a company statement, Jurlique is the leading skin care brand in Australia and experiencing significant growth in Asia.
Pola is, according to the press release, the fourth leading cosmetic company in Japan and has been developing its business model around the cosmetics industry with a recurring theme of "beauty and health" since its founding in 1929. In addition to Japan, Pola Orbis markets in China and Russia, employing a multi-channel strategy with multiple brands to meet diversified customer demands and increase market share. With its 29 consolidated subsidiaries, Pola Orbis has consolidated sales of ¥165.2 billion (U.S. $2 billion) for the fiscal year ending Dec. 31, 2010.