Microskin To Acquire ISOCOL International
(Thomson Reuters ONE) -
LONDON and BRISBANE, Australia, December 12, 2016 - Microskin plc
(MLSKN:Euronext Paris) announced today it has entered into an agreement to
acquire ISOCOL International in an all-stock transaction, subject to valuation.
ISOCOL International will become a subsidiary of Microskin. In addition, Mr.
Christopher Musgrave, former president and executive director of ISOCOL
International will join the board of directors of Microskin.
"ISOCOL is an iconic Australian brand with a trusted name in skin protection and
an experienced team and partners in international marketing and distribution of
retail skin products," said Barry Amor, chairman of Microskin plc. "Microskin's
acquisition of ISOCOL International provides an established channel to expand
the international distribution of our retail lines of sunscreens and other
unique skin enhancement products into the UK and European markets and open sales
opportunities in India and Asia."
Microskin will acquire all distribution agreements with ISOCOL International
currently in place or in negotiation for all territories outside of Australia
and New Zealand. ISOCOL International has partnered with leading UK distributor,
which exports skin and healthcare products to more than 60 countries. ISOCOL
International has established distribution channels into the UK and Continental
Europe and has new pipelines into the Asian marketplace.
"Microskin is recognized as an innovative Australian company with revolutionary
second skin products that are distinctive and well-received in the market," said
Mr. Musgrave. "I believe the companies are aligned in their core values and
international retail strategies, and I am looking forward to being a member of
the board of directors to continue to fulfill our mission of delivering trusted
products for skin protection in new markets around the world."
Microskin has a personalized, color-matched line of waterproof, second skin
products that are currently used by people who want to conceal vitiligo,
rosacea, birthmarks, burns, eczema, lupus, keloid scarring, tattoos, and other
skin-related conditions. In addition, Microskin is in the process of regulatory
approval for Sunseal, a non-pigmented sunscreen that retains all the other
properties of the "second skin" product, including sweat proof, highly
waterproof, and long lasting.
About ISOCOL
The ISOCOL brand was founded in Australia in 1982 and has become one of
Australia's most trusted and iconic brands with the now very familiar Crocodile
on the green bottle and the "One bottle, so many uses" slogan easily
recognizable. ISOCOL has developed into a brand that is now widely recognized
and sold across Australia and New Zealand in all supermarkets and pharmacies.
About Microskin plc
Founded in 2005, Microskin plc is a public company that develops simulated
second skin for a variety of cosmetic and medical uses. Microskin's simulated
second skin is the world-leading product that combines years of cosmetic
chemistry research with a proprietary color-matching software. Because
Microskin's second skin does not rub off, it is water-resistant and lasts for
several days. Each client receives an individualized product kit that can
easily be applied at home. The company has licensed clinics in Australia,
Canada, Estonia, India, the Middle East, New Zealand, India, Turkey, and the
United States. For more information, please visit http://www.microskin.com.au/.
MEDIA CONTACT: Jessica Yingling, Ph.D., Little Dog Communications Inc.,
jessica(at)litldog.com, +1.858.344.8091
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Microskin plc via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.12.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 512131
Anzahl Zeichen: 4322
contact information:
Town:
London
Kategorie:
Business News
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