Cosmetic industry news : Kao USA, a subsidiary of Japanese cosmetics company Kao Corporation has agreed to acquire beauty and hair care products manufacturer Oribe Hair Care for an undisclosed price, to expand its Kao Salon Division’s brand portfolio.

The sellers of Oribe Hair Care include Luxury Brand Partners, a manufacturer of beauty brands.

Oribe Hair Care started off as a luxury hair care brand and has evolved into offering body care, skincare, makeup, tools and accessories as well.

According to Kao Corporation, Oribe has a strong footprint across the top-tier professional salon sector and also in specialty retailers around the globe.

Post-acquisition, Oribe will come under the Kao Salon Division portfolio which includes Goldwell and KMS range of hair products.

Oribe Hair Care’s co-founder Daniel Kaner, who is also its co-president, will take over as the president of the company after its acquisition by Kao.

Commenting on Kao acquisition of Oribe Hair Care, Cory Couts – the Global President of Kao Salon Division, said: “Oribe is a stellar brand and a perfect fit for the Kao Salon Division portfolio.

“And Daniel will be an exciting and inspiring addition to our management team. Daniel’s appointment not only guarantees the continuity of all that is extraordinary about Oribe but is also a progression of our company’s mission to appeal to the most artistic and business-minded salon professionals in the world.”

Oribe Hair Care will retain its headquarters in New York City after its acquisition.

Daniel Kaner, commenting on Kao acquisition of Oribe Hair Care, said: “Kao is the ideal place for Oribe Hair Care to take the next step in its transformative journey.

“I have a deep respect for their organization and talented leadership team. Our friendship and business relationship goes back years, most successfully with the strategic partnership in the United States between Oribe and Goldwell color.

“We have always believed that hair care should be an immersive and luxury experience, and Kao is incredibly supportive of the high standard that we set for ourselves.”

Kao acquisition of Oribe Hair Care will have to clear routine regulatory review and approval process.

  Cosmetics business news, Japan, Kao Corporation, Kao Salon Division, Kao USA, Luxury Brand Partners, Oribe Hair Care, USA