TruArc Partners—alongside founder and president David Ryngler—has invested in Trademark Cosmetics, Inc. (TCI), where it will work with TCI to pursue continued growth and support brand partner success, through investing in organic initiatives and targeting strategic M&A.
TCI has also named Kristopher Dover as CEO. Dover will oversee TCI’s expansion.
Dover has spent more than 30 years in manufacturing and operations focused on consumer end markets. He has deep expertise in operations, as well as mergers and acquisitions and subsequent business integrations.
Ryngler will remain with TCI as an investor and board member and Eko Handoko will remain general manager.
Don Sturdivant, an operating partner at TruArc, will join the board of directors as non-executive chairman. Jeffrey Nodland, former CEO of KIK Custom Products, will also join the board of directors.
Ryngler said, "Building TCI has been an exciting journey and I am thrilled to be partnering with TruArc. The addition of TruArc’s expertise and capital will enable us to continue to enhance the service and capabilities that we provide to our customers."
Dover said, "The combination of TCI’s formulation and manufacturing expertise, alongside its strong customer-service orientation, have been instrumental in its growth and will serve as the fundamental driver for continued improvement and expansion going forward. Working closely with Eko, and with support from TruArc, we believe we will successfully scale TCI to become a best-in-class partner to growth-oriented brands.”
