Northwest Cosmetic Labs (NCL), a formulator and manufacturer of skin care and colour cosmetics, has acquired Dream Team Beaute, a color cosmetics innovation house for prestige brands.
The acquisition will cement Clearview Capital-owned NCL in the prestige color cosmetics market while adding new avenues for the company such as pressed and loose powders.
The Dream Team Beauty division will continue to be headed up by Kimberly Clark and Esme Mancia, who co-founded the company in 2013, while the pair will work to create new business opportunities for NCL.
Matt Bryant said, “We are very excited to partner with Dream Team, which has a strong reputation for creating unique, fashion-forward products. We have been seeking an acquisition that would complement our brand and bring in a new element of innovation. We found these great attributes in Dream Team and its talented founders, Kimberly Clark and Esme Mancia.
“The prospect of blending their experienced and forward-thinking people with our team will result in cutting-edge cosmetics and unique services that can only be found in our family of companies. We are excited to welcome them and their employees to the NCL team.”