The Hut Group has expanded with the acquisition of Acheson & Acheson, a beauty contract manufacturer and product developer, with the deal comes Ameliorate skincare.
Established in 1992 by Kenneth and Fiona Acheson, Acheson & Acheson has grown at pace to its position as a manufacturer for prestige beauty brands. It operates out of a 78,000 sq ft facility in Frome, Somerset, along with two other sites in Trowbridge – one being its head office and the other a facility for product packaging, storage and distribution.
Ameliorate – Acheson & Acheson’s own skincare brand – is included in the purchase and will subsequently be added to THG’s own-brand portfolio. Targeted at sufferers of Keratosis Pilaris, it is sold globally through the likes of Selfridges, Boots, Harvey Nichols, Liberty’s and Marks & Spencer.
The privately held companies did not disclose the value of the deal in a statement on Monday. However, Sky News reported on Sunday the deal would be worth about £50 million to £100 million pounds ($64.54 million to $129.07 million).