Switzerland: Mibelle buys majority stake in Quantum Beauty Company
Mibelle, a Switzerland-based producer of toiletries for private label brands, is buying a majority stake in UK-based Quantum Beauty Company (QBC), according to a report in Cosmetics Business.
The Mibelle Group is composed of Personal Care, Home Care and Nutrition business units, in addition to Mibelle Group Brands which is also active in the development and management of exclusive brands in the cosmetics sector. It is thenumber three in the European proprietary brand market, has around 1,000 employees and generates sales of over €300 million ($352 million).
QBC develops hair and beauty products under the brands Lee Stafford, Argan Oil, Salon Science, Colour Extreme, Skin Art and Nail Art, with distribution in more than 40 countries.
Cosmetics Business reports that the two companies have been cooperating for more than a decade.
Graeme Riddick, CEO of QBC, commented: “This is a partnership made in heaven. We have worked with Mibelle for over ten years as both our manufacturer and in R&D, and the synergy between our two companies was a compelling motivator for this very positive move”.
Max Constantini, CEO of Mibelle Ltd, added: “QBC is such a strong, creative business and its track record in brands management is there for all to see. Together with the Mibelle Group, the company is ideally placed to take advantage of the opportunities for growth that exist in today’s markets and those of the future”.
Source: Cosmetics Business / Mibelle / Quantum Beauty Company