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

PUBLIC · ELABApr 02, 2024

Acquiring Company

PMGC Holdings Inc.

Acquired Company

Boomerang Laboratories

Newport BeachSpring ParkManufacturingBiotechnologySoftwareHealth CareFashionBeautyCosmeticsManufacturingFashion

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.

Quick answer

PMGC Holdings Inc. is acquiring Boomerang Laboratories, announced April 2, 2024. PMGC Holdings Inc. is based in Newport Beach, California, United States.

How much did PMGC Holdings Inc. pay for Boomerang Laboratories?
The deal value was not disclosed.
What does PMGC Holdings Inc. do?
ELEVAI Labs (NASDAQ: ELAB) specializes in medical aesthetics and biopharmaceutical drug development, focusing on aesthetic innovations for skin, and treatments tied to obesity and metabolic health.
Where are PMGC Holdings Inc. and Boomerang Laboratories based?
PMGC Holdings Inc. is based in Newport Beach, California, United States. Boomerang Laboratories is based in Spring Park, Minnesota, United States.
Who are the decision-makers at PMGC Holdings Inc?
Fundz holds 2 contacts at PMGC Holdings Inc. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

PMGC Holdings Inc.

Location

630 PENA DRIVE, SUITE 400

Newport Beach, California, United States

About

ELEVAI Labs (NASDAQ: ELAB) specializes in medical aesthetics and biopharmaceutical drug development, focusing on aesthetic innovations for skin, and treatments tied to obesity and metabolic health. Driven by a commitment to scientific research, we aim to transform personal health and beauty.

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Frequently asked

Who acquired Boomerang Laboratories?

Boomerang Laboratories was acquired by PMGC Holdings Inc., based in Newport Beach. The deal was reported on April 2, 2024. ELEVAI Labs (NASDAQ: ELAB) specializes in medical aesthetics and biopharmaceutical drug development, focusing on aesthetic innovations for skin, and treatments tied to obesity and metabolic health. PMGC Holdings Inc. is publicly traded (ELAB) and operates in Manufacturing.

When did PMGC Holdings Inc. acquire Boomerang Laboratories?

PMGC Holdings Inc.'s acquisition of Boomerang Laboratories was reported on April 2, 2024. Elevation Labs, a leading formulator and manufacturer of innovative beauty and personal care products, has announced the acquisition of Boomerang Laboratories. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Boomerang Laboratories do?

Founded in 1999, Boomerang is a formulator and manufacturer for beauty and personal care brands, providing "lab to label" services within liquid fill categories to assist customers from product ideation to final production. It is privately held, operating in Manufacturing, and is based in Spring Park.

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