Investment group busy-up controlling stake in Sun & Skin Care Research

By Simon Pitman

- Last updated on GMT

Related tags: Skin care research, Brand management, Brand

Sun & Skin Care Research, a Florida-based sun-care products player, has been acquired through a controlling stake private equity investment on behalf of a group led by Source Capital.

Sun & Skin Care Research (SSCR) was founded in 1989 and is headquartered in Cocoa, Florida, from where it has developed and manufactured a range of sunscreen brands, including Ocean Potion and No-Ad in more than 70 countries worldwide.

Company founder Gary DeAngelo will continue to run the business, while also retaining a significant ownership stake, while industry veteran Steve Taylor has been recruited to take on the position as company CEO.

Partnership targets further global growth

“We've worked hard over the last twenty three years to build a very successful company and stand behind a suite of products we're proud of - known for quality and value,”​ said DeAngelo.

“We believe this partnership will build upon the foundation our team has put into place and help expand our existing brands and new ones in development across the world."

Taylor, who has been in the industry for 25 years, has held previous executive positions as Johnson & Johnson, where he was heavily involved in the development of brands including Piz Buin, Roc and Neutrogena.

Global brand building experience

His extensive experience with these leading global brands, which include the Piz Buin sun care brand, are expected to serve him in his target to help grow the footprint of the SSCR business worldwide.

“We look forward to entering into this partnership and leveraging our collective experience in the sun and skin care sector to capitalize on the significant growth opportunities for SSCR,”​ said Taylor.

“Over the coming months, we plan to introduce new products, new brands and expand into new categories while also accelerating our international growth.”

Related topics: Business & Financial

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