North Castle Partners, a private equity firm, has sold Caleel + Hayden Holdings, Inc., d.b.a gloProfessional.
GloProfessional develops and markets mineral-based cosmetics, skin care, and hair care products under the glominerals, glotherapeutics
brand names. The products are sold through professional channels that include dermatologists, cosmetic surgeons, aestheticians, spas and salons.
"During North Castle's ownership, glo has been transformed from a distributor with only half of its sales being generated from proprietary brands to a company that realizes virtually all revenue from its suite of glo brands. We believe the company is well positioned for further growth," said Jon Canarick, managing director, North Castle.
Chip Baird, North Castle's managing partner, adds, "We believe the way glo grew coming out of the recession illustrates the benefits our focused approach to partnering with management teams to build great companies. As the professional channel continues to pick up momentum, glo is well positioned to capitalize on that growth and achieve continued success."