THE WHAT? One Ocean Beauty has announced its acquisition by Present Life, part of global investment fund, The Craftory.
THE DETAILS The sustainable beauty and wellness company uses marine ingredients sourced from the world’s oceans and is an ideal fit for the newly formed wellbeing and beauty holding company which seeks out natural self-care brands.
“We are so proud to join the Present Life team. Our brand ethos, product positioning and commitment to the oceans are well aligned with the Present Life platform. The acquisition will provide the resources and capital to expand the brand through further development of our infrastructure and global presence.” Marcella Cacci, Founder & CEO of One Ocean Beauty
THE WHY? Camillo Pane, Executive Chairman of Present Life explains, “One Ocean Beauty is a perfect fit for Present Life and reflects our values and ambition, I’m looking forward to supporting Marcella and her team through their next phase of expansion.”