Revolution Beauty Buys Medichem Manufacturing to Enhance Supply Chain — Deal Digest – MarketWatch

By Sabela Ojea


ACQUIRER: Revolution Beauty Group PLC, a global mass beauty and personal-care company.

TARGET: Medichem Manufacturing Ltd., a supplier of haircare and skincare products to Revolution Beauty.

PRICE: The consideration due of 23.0 million pounds ($31.7 million) will be payable in installments, with GBP7.0 million payable in cash on completion from Revolution Beauty’s cash resources, and the balance payable in annual GBP4.0 million installments over four years.

STATUS: To be completed.

RATIONALE: The acquisition will enable Revolution Beauty to enhance margins, increase control of its supply chain and improve productivity, it said. It expects the deal to be significantly earnings enhancing for the financial year ending Feb. 28, 2023, it said. The board of Revolution Beauty expects Medichem to contribute around GBP3.0 million of incremental pretax profits for fiscal 2023.


Write to Sabela Ojea at [email protected]; @sabelaojeaguix


Source: https://www.marketwatch.com/story/revolution-beauty-buys-medichem-manufacturing-to-enhance-supply-chain-deal-digest-271635324048

Posted on

Leave a Reply