SkinMedica, Inc. announced it has acquired mineral makeup company Colorescience in a merger transaction. Colorescience was founded by Diane Ranger, one of the creators of the mineral makeup category.
Josie Juncal will lead the new Colorescience subsidiary as vice president of new commercial operations. Juncal has more than 10 years of experience in sales, sales management, marketing and education, and during her tenure at SkinMedica, she has held lead roles in product development, marketing, public relations, and education.
"Mineral makeup has been a priority expansion target for us for some time. It is especially gratifying to combine with Colorescience, as their product line is based in science and trusted by our physician customers," said Mary Fisher, CEO of SkinMedica. "Josie has very strong relationships with the clinical leaders in medical aesthetics and a proven track record for driving growth. I am confident the outstanding team at Colorescience will deliver further impressive results under her leadership."
"We are excited to add these highly complementary product offerings to expand our presence in the physician channel," said Ted Schwarz, SkinMedica president. "With Colorescience, we can now offer our physician customers three categories of patient care—skin care, nonsurgical procedures, and now mineral makeup—which will further deepen our relationships with our customers and their patients by enhancing outcomes with immediate results."
"Each Colorescience product has been carefully formulated to work together in achieving the best results. It is with that same thoughtful consideration of synergy and results, that we have chosen to merge with SkinMedica," said Diane Ranger, founder of Colorescience. "Our shared values and commitment to creating advanced products for the physician channel make this an exciting partnership."
"With their extraordinary collection of innovative products and unparalleled management team, SkinMedica was the ideal choice to take Colorescience to the next level," shared David Baram of VMG Partners. "Under SkinMedica's leadership, Colorescience is now positioned to become the leading mineral makeup brand in the doctor and spa channel."
Financial terms of the transaction were not disclosed.