The Hut Group (THG) has announced its acquisition of Somerset based Acheson & Acheson, a manufacturer for prestigious beauty brands which was formed in 1992. The manufacturer offers an end-to-end service that encompasses formulation development, sourcing, product testing, UK manufacturing, product design and development together with R&D, regulatory compliance, product packaging and design. It operates from a 78,000 sq.ft. manufacturing facility in Frome plus two other sites in Trowbridge, one of which houses its head office., and employs 380 people.
The investment represents long-term strategic benefits for THG as it reinforces its ambition of becoming the fully integrated, global digital leader in the beauty and wellbeing sectors. Future expansion plans include THG’s intention to spend £50 million replicating Acheson & Acheson in Europe and the USA. Ameliorate, Acheson & Acheson’s own skincare brand, is included in the purchase and will be added to THG’s own brand portfolio. Targeted at sufferers of Keratosis Pilaris, the brand is sold globally through prestigious retailers including Space NK, Selfridges, Harvey Nichols, Liberty, and Marks & Spencer.
Matthew Moulding, CEO, of The Hut Group, commented: “Acheson & Acheson is a truly exciting addition to THG and I am delighted to welcome this very talented team. In Acheson & Acheson we have made a significant investment and one that uniquely positions THG to make a step-change in its innovation, operational excellence and manufacturing capacity.”
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