Beauty Packaging Staff06.18.20
L’Oréal has signed an agreement to acquire Thayers Natural Remedies, a U.S.-based natural skincare brand from Henry Thayer Company. The brand will be integrated into L’Oréal’s Consumer Products Division.
Headquartered in Connecticut, Thayers Natural Remedies recorded sales of $44 million in 2019.
Stéphane Rinderknech, president and CEO of L’Oréal USA, executive vice president North America, said, “With a more than 170 year heritage, Thayers Natural Remedies is a beloved American brand that has stayed true to its roots as it has evolved its product offerings and forged a strong connection with consumers. Built on a foundation of top-rated skincare products, the brand is more relevant today than ever before. We believe in its growth potential and unique positioning in the mass skincare market.”
“As custodian of the Thayers Natural Remedies brand for the last 17 years, it has been a rewarding experience seeing the connection we’ve been able to make with our well-informed consumers. I couldn’t imagine a better organization than L’Oréal to take Thayers to new heights while maintaining its core values of social and environmental responsibility,” commented John Gehr, owner and CEO of Henry Thayer Company.
The closing is subject to the standard regulatory approvals and other customary conditions.
Headquartered in Connecticut, Thayers Natural Remedies recorded sales of $44 million in 2019.
Stéphane Rinderknech, president and CEO of L’Oréal USA, executive vice president North America, said, “With a more than 170 year heritage, Thayers Natural Remedies is a beloved American brand that has stayed true to its roots as it has evolved its product offerings and forged a strong connection with consumers. Built on a foundation of top-rated skincare products, the brand is more relevant today than ever before. We believe in its growth potential and unique positioning in the mass skincare market.”
“As custodian of the Thayers Natural Remedies brand for the last 17 years, it has been a rewarding experience seeing the connection we’ve been able to make with our well-informed consumers. I couldn’t imagine a better organization than L’Oréal to take Thayers to new heights while maintaining its core values of social and environmental responsibility,” commented John Gehr, owner and CEO of Henry Thayer Company.
The closing is subject to the standard regulatory approvals and other customary conditions.
