Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / E-commerce company acquires beauty product manufacturer

E-commerce company acquires beauty product manufacturer

Tue, 04 Sep 2018 | BUSINESS SALE



In a deal valued at roughly £60 million, online retailers The Hut Group (THG) has bought beauty product innovation and manufacturing company Acheson & Acheson in an attempt to expand within the industry.

A Somerset-headquartered company operating in a 78,000 sq ft facility in Frome, Acheson & Acheson has 380 members of staff to its name working on the research and development of numerous beauty products for a range of different labels. Two Wiltshire sites, specifically for packaging and distribution, also fall under the group’s ownership.

Its own skincare line – Ameliorate – is designed for those suffering from keratosis pilaris, and is sold worldwide in high-street retailers like Selfridges, Harvey Nichols, Space NK Apothecary and Liberty’s, as well as in Boots and Marks & Spencer’s.

The acquisition will mean that all of Acheson & Acheson’s divisions will be added to THG’s portfolio, and in return the company has pledged to spend £50 million to grow the Acheson & Acheson brand internationally.

Chief executive of The Hut Group, Matthew Moulding, said: “Acheson & Acheson is a truly exciting addition to THG and I am delighted to welcome this very talented team. In Acheson & Acheson, we have made a significant investment and one that uniquely positions THG to make a step-change in its innovation, operational excellence and manufacturing capacity.”

Earlier this year, THG bought translation company Language Connect and eye cosmetics business Eyeko in July and March respectively. This is in addition to its acquisitions in the previous year when THG purchased skincare line ESPA and beauty subscription service Glossybox.

Kenneth Acheson, one of the founders of Acheson & Acheson, believes that the acquisition “will no doubt take [the company] to the next level of growth”.

The deal was sourced and brokered by partners Tim Leach and Rob Halsall from Baylor Klein and was advised on the legal front by Paul Medlicott from Addleshaw Goddard. Advisors from EY and Deloitte were involved to provide financial and taxation due diligence services respectively.

For more news stories about mergers, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Electrical Testing Equipment Supplier
UK Wide

Supplies & leases a complete range of electrical testing equipment via nationwide distributors as well as offering calibration & repair services for all makes & models of analogue & digital test equipment. Customer base includes blue-chip end-users...

Asking Price: Offers Invited
Turnover: £2,960,000

Manufacturer of High-Quality Mobility Scooters
UK Wide

Manufactures durable and reliable mobility scooters for customers throughout the UK. The scooters are street and footpath legal, allowing customers to move around without the requirement for road tax, insurance or a driver’s licence. Focuses on susta...

Asking Price: Offers Invited
Turnover: £5,200,000

LEASEHOLD


Supply of Industrial Labelling and Identification Solutions
UK Wide

Manufactures and supplies a wide range of electrical, instrumentation, mechanical and safety labelling and identification solutions. Works to an extremely high standard, with a dedicated, professional and skilled workforce in place.

Asking Price: Offers Invited
Turnover: £3,299,999

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
05
 
Aug
 

EV Technology to acquire Fablink Group at up to 13x gross profits | BUSINESS SALE

Fablink Group has announced that it has agreed to be acquire...

 
04
 
Aug
 

Administrators begin sale process for automotive manufacturing suppliers | ADMINISTRATION

Administrators are seeking a buyer for two Bletchley-based b...

 
03
 
Aug
 

Insolvencies soar amid rising costs and end of COVID support | BUSINESS NEWS

Company insolvencies soared in the second quarter of the yea...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
29
 
Jun
 

Walgreens Boots Alliance ditches UK business sale | BUSINESS SALE

US pharmacy company, Walgreens Boots Alliance has ditched th...

 
15
 
Apr
 

Flybe relaunch moves closer after sale completes | BUSINESS SALE

UK regional airline Flybe is due to relaunch this year after...

 
01
 
Dec
 

Arcadia collapses into administration | ADMINISTRATION

Sir Philip Green’s Arcadia, the group behind retailers...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.