Monday, June 12, 2017

Northwest Cosmetics acquires California company

Northwest Cosmetic Laboratories of Idaho Falls has acquired Dream Team Beaute of Sun Valley, Calif., a cutting-edge color cosmetics innovator that has seen rapid growth since it was founded in 2013.

A major formulator and manufacturer of skin care and cosmetic products for private labels, Northwest Cosmetics dates back to 1995, when it was started by Doug Rooney and Gary Voigt in a small building on Holmes Avenue. Rooney, a cosmetic chemist, made his first batches of makeup on a hot plate in a small rented office. With a vision of creating quality skin care and cosmetic products for the most popular and prestigious brands in the world, they built their company on a “no surprises” philosophy.

The company expanded in 1998, to a 15,000-square-foot building on Technology Drive, which has been expanded over to 47,000 square feet. In 2013, the company added a 23,000-square-foot building for research and development, production and warehousing lab and a 30,000-square-foot, 30-foot tall, high-rise warehouse building. In 2016 it broke ground on a 79,000-square foot expansion, expanding its capacity to a combined 178,000 square feet in four neighboring buildings.

The company is now owned by Clearview Capital Fund and is run by Matt Bryant, who took over as CEO around 2010. CEO. Gary Kurtz, the company’s marketing director, told the Idaho Business Review in 2016 that NCL intends to stay in Idaho Falls. The location doesn’t deter client cosmetics and health care products companies, he said.

The Dream Team Beaute acquisition will elevate NCL’s existing color capabilities while adding new offerings in pressed and loose powders. Dream Team co-founders Kimberly Clark and Esme Mancia will continue to lead the Dream Team division and drive new business opportunities for the combined company.

The integration of the two companies will take place over the summer. Dream Team’s California location will allow NCL to provide additional development services for existing West Coast customers as well as prospective customers.

“We have been seeking an acquisition that would complement our brand and bring in a new element of innovation,” said Bryant, in a press release. “We found these great attributes in Dream Team and its talented founders, Kimberly Clark and Esme Mancia. The prospect of blending their experienced and forward-thinking people with our team will result in cutting-edge cosmetics and unique services that can only be found in our family of companies. Together, we will offer more prolific capabilities and talent, including pressed and loose powders."

“This combination with NCL will help Dream Team continue to grow its reach beyond color,” Clark said. “Our capabilities complement each other very well, and we can leverage NCL’s organization and infrastructure to bring more resources to serve our customers.”