Waldencast Plc Announces Binding Letter Of Intent To Acquire 60% Of Its Southeast Asia Distributor
Acquiring Company
Waldencast
Acquired Company
60
New YorkE CommerceFashionRetailBeautyCosmeticsDescription
Waldencast plc, (NASDAQ: WALD) (“Waldencast”), a global multi-brand beauty and wellness platform, announced today that it signed a binding letter of intent to acquire a 60% controlling interest in a newly formed entity to be comprised of the business of its Southeast Asia (SEA) distributor. The letter of intent is binding upon the SEA distributor, but Waldencast’s obligations are subject to the satisfaction of certain conditions. Assuming the satisfactory completion of its due diligence and negotiation of definitive agreements, Waldencast expects to close the transaction in the coming weeks.
Quick answer
Waldencast is acquiring 60, announced March 13, 2023. Waldencast is based in New York, New York, United States.
- How much did Waldencast pay for 60?
- The deal value was not disclosed.
- What does Waldencast do?
- Waldencast is a company focused on providing innovative solutions in the beauty and wellness sectors.
- Where are Waldencast and 60 based?
- Waldencast is based in New York, New York, United States.
- Who are the decision-makers at Waldencast?
- Fundz holds 1 contact at Waldencast. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- 3Z Brands Announces Acquisition Of Leesa Sleep (March 15, 2023)
- Convive Wines Acquires Lifetime Vintage (February 2, 2023)
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Who to call at Waldencast, and when
When Waldencast changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Related People
Frequently asked
Who acquired 60?
60 was acquired by Waldencast, based in New York. The deal was reported on March 13, 2023. Waldencast is a company focused on providing innovative solutions in the beauty and wellness sectors. They are committed to sustainable practices and growth through strategic initiatives. Waldencast is publicly traded (MLKMF) and operates in E Commerce.
When did Waldencast acquire 60?
Waldencast's acquisition of 60 was reported on March 13, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does 60 do?
60 is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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