Glanasol, a newly formed prestige beauty and personal care company, has acquired Laura Geller, Julep and Clark’s Botanicals, marking its first acquisitions.
Glanasol, which means ‘pure life’ in Irish, has been founded through a partnership between former Revlon President and CEO Alan Ennis, and private equity firm and brand incubator Warburg Pincus.
The deal to acquire Laura Geller, the US colour cosmetics brand, has already completed, while the other two are due to close shortly.
Each of the three brands we are acquiring today plays a specific and important role in our portfolio.
Ennis said he was ”delighted” to be taking the step to acquire the three brands.
He said: “Each of the three brands we are acquiring today plays a specific and important role in our portfolio and will retain their individual brand autonomy and culture.
“I believe that our unique long-term view of building the next great beauty company, is appealing to both brand owners and the capital markets."
Julep is a prestige colour cosmetics and skin care brand founded by Korean-born Jane Park. Meanwhile, Clark’s Botanicals is a premium skin care brand founded in 2008 by Francesco Clark.
Clark said: “Ultimately, all the Glansaol brands will benefit from each other's individual strengths.”