Montreal-based cosmetics company Groupe Marcelle buys Lise Watier
Advertisement
Read this article for free:
or
Already have an account? Log in here »
We need your support!
Local journalism needs your support!
As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed.
Now, more than ever, we need your support.
Starting at $15.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website.
Subscribe Nowor call circulation directly at (204) 727-0527.
Your pledge helps to ensure we provide the news that matters most to your community!
To continue reading, please subscribe:
Add Brandon Sun access to your Free Press subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $20.00 plus GST for four weeks. After four weeks, your payment will increase to $24.00 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 18/02/2016 (3696 days ago), so information in it may no longer be current.
MONTREAL – Groupe Marcelle Inc., a developer, manufacturer and distributor of cosmetics, has acquired Lise Watier Cosmetiques in a deal that includes an $18-million investment by Quebec’s pension fund manager.
“Through this transaction, Groupe Marcelle will become the leading Canadian company in the beauty industry,” said David Cape, president of the Montreal-based firm.
“It brings us one step closer to reaching our ambitious objective of becoming one of the 100 largest global cosmetics manufacturers.”
Financial details were not disclosed but the Caisse de depot et placement du Quebec injected $18 million into the deal.
“This $18-million investment by the Caisse will bring together two high-quality Quebec companies to create a new industry champion,” said Christian Dube, a Caisse executive vice-president.
Four flagship brands will be maintained: Marcelle, Lise Watier, Annabelle and CW Beggs and Sons.
Since 2007, the main shareholder in Lise Watier had been Ontario investment fund Imperial Capital.