Cosmetics powerhouse buys personal care company
Australian cosmetic powerhouse Heat Group has bought out century-old personal care distributor Doward International.
The combined group is expected to achieve sales of 12 million units per year.
Heat Group, which describes itself as the country’s largest Australian-owned cosmetics company, says its purchase of the company for an undisclosed sum marks a significant step towards plans to shift to an owned- brand model. Doward distributes over 3,500 products by brands like Kobayashi, Speedo and Fleurique.
Doward International boasts some