Houston-based Farouk Systems has announced a joint venture with South Korean cosmetics giant LG Household & Health Care. Through the joint venture, the companies have created a co-owned South Korean corporation, named LG Farouk Co.
The new company will establish a manufacturing facility in Korea to serve distribution channels in Asia, with the two firms collaborating on product development.
In addition, Farouk Systems will take on the distribution of LG Household & Health Care’s skin care portfolio through its worldwide professional salon network.
“This union will not only provide a new form of science from LG but a fresher approach combining art and innovation that Farouk Systems is famous for. Together, we will be able to create and manufacture a whole new future of technology for the beauty industry,” said Farouk Shami, Founder of Farouk Systems.