Private equity group YFM has supported a £4 million management buy-in at hair care and beauty products manufacturer ORE.an, in a deal that installs industry stalwart Richard Mears as chief executive of the £3 million annual turnover business.
Based in Brighouse, ORE.an’s main client is Jemella, which was named the UK’s fastest-growing company in the Sunday Times Fast Track 100 list earlier this year and whose GHD hair care brand is endorsed by the likes of Jennifer Aniston and Gwyneth Paltrow.
The success of ORE.an’s relationship with Jemella seems to have been a big attraction for the new team. ‘Over the last year I’ve been looking for an opportunity to buy a company with real growth potential in the sector and ORE.an fits the bill perfectly,’ Mears notes.
As for the future, the new team say they plan to develop a range of new ‘proprietary products,’ aimed at the niche skin and body care markets.