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Elevation Labs Acquires Boomerang Laboratories to Expand Beauty and Personal Care Product Manufacturing

Apr 02, 2024•over 1 year ago

Acquiring Company

Elevai Labs

Acquired Company

Boomerang Laboratories

DavisSpring ParkManufacturingSoftwareFashionManufacturing

Description

Elevation Labs, a leading formulator and manufacturer of innovative beauty and personal care products, has announced the acquisition of Boomerang Laboratories. This strategic investment positions Elevation Labs for continued growth and expansion by adding a third location and additional capacity, bringing together complementary businesses with strong capabilities, facilities, and teams.

Company Information

Company

Elevai Labs

Location

630 PENA DRIVE, SUITE 400

Davis, Iowa, United States

About

Elevation Labs is a leading formulator and manufacturer of premium skincare, haircare and color products, focused on exceptional product quality, breakthrough innovation and an unwavering commitment to solving client challenges. Headquartered in Idaho Falls, Idaho, the company offers custom development and comprehensive contract manufacturing solutions in both traditional and high-performance clean beauty. Since 2018, over 150 products innovated by Elevation Labs in collaboration with partner brands have been recognized by Allure and other beauty awards around the country.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed