Divine Skin's Mexican acquisition to boost revenues by 10 percent

Related tags Divine skin Mexico

Divine Skin has signed a letter of intent to acquire 100 percent of its Mexican distributor, as the company represented nearly 10 percent of the biotechnology company’s revenue in 2012.  

According to the company, Divine Skin Laboratories SA de CV has been a distributor of Divine Skin products for more than three years, with sales growing rapidly year over year.

Divine Skin CEO Daniel Khesin believes this move will not only boost the company’s current revenue but will also be a significant asset to Divine Skin's human resources. “We've worked with Divine Skin Laboratories SA de CV for many years and I know that this acquisition will add significant value to both entities."

In Mexico, Fernando Tamez, CEO of Divine Skin Laboratories SA de CV, added, "I'm thrilled to take a more active role in Divine Skin Inc. I think we can continue to double our revenues every year for the next few years. Mexico is a huge market for these advanced products​.”

The terms of the agreement scheduled to close in the second quarter of 2012 will be made public once the transaction is complete. 

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