Swander Pace Capital, a leading private equity firm specializing in investments in consumer products companies, announced April 2, 2013 that it has completed the acquisition of Caleel + Hayden Holdings, Inc., d.b.a glōProfessional ("glōProfessional" or “glō”). Terms of the transaction were not disclosed.
“Swander Pace’s reputation and track record with respected brands in the beauty and personal care field is impressive,” said Sean Butler, president of glōProfessional. “Through this partnership, we look forward to tapping their expertise and insight as we collaborate to maximize glōProfessional’s growth.”
glōProfessional is a leader in the professional beauty domain with mineral-based cosmetics under the glō•minerals brand, premium skin care products under the glō•therapeutics brand and hair care products under the glō•essentials brand name. Their award-winning combination of high performance products, premium-grade ingredients and treatment oriented formulas is embraced by more than 5,000 dermatologists, cosmetic surgeons, aestheticians, spa and salon professionals in 38 countries, and counting. glōProfessional takes pride in providing unsurpassed product quality, customer service and sales programming to ensure complete client satisfaction. They reach their customers through a proprietary field sales force of more than 70 team members, which is one of the largest in the professional channel.
“We’re excited to continue to build our growing beauty and personal care portfolio with such a respected brand,” said Swander Pace Managing Director Mo Stout. “glōProfessional is a leading, research-driven product of choice in the professional channel and enjoys a strong consumer following. We look forward to partnering with the management team to guide the company toward continued growth and success.”
With the support of Swander Pace, glōProfessional is poised to become the leading professional skin care brand with a complete offering of cosmetics, skin and hair care and a division focused solely on the licensed physician. For more info, visit gloprofessional.com.