AUSTRALIAN-OWNED cosmetic and distribution company The Heat Group has announced the acquisition of Doward International, the country's oldest personal care distribution company.
Doward International was founded in 1920 and has wholesale revenue of more than $40 million and over 4,000 pharmacy customers across Australia.
The deal includes brands such as Mason Pearson, Simpkins, The Beauty Case, bodytools, Windsor Grooming Accessories, Speedo, Jack 'N Jill, Kobayashi and more.
The Heat Group said the deal was a significant step in its growth plans, with the combined businesses expected to sell a total of 12 million units per year.
Heat has made a number of acquisitions in recent years, including ulta3 in 2005, Billie Goat Soap in 2012, Satin Cosmetics in 2013 (PD 28 Aug 2013), and OZK.O in 2014 (PD 06 Aug 2014).
Brad Rogers will come on board as general manager, Doward at The Heat Group, with Heat founder Gillian Franklin saying the Doward business is "both synergistic and opportunistic for us".
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