Voyant Beauty Holdings, LLC has entered into a definitive agreement to acquire the KIK Personal Care (KPC) business from KIK Custom Products.
According to Voyant Beauty, the acquisition will expand its product range, innovation and supply chain capabilities. Combined, Voyant Beauty can offer customers expanded manufacturing capabilities through 15 facilities in North America and internationally.
Richard McEvoy, CEO of Voyant Beauty, said, “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.”
The transaction is expected to be completed following the satisfaction of customary closing conditions and approvals.