JD Beauty Announces Acquisition of Bio Ionic®
JD Beauty Group—the parent company of WetBrush®—just announced the acquisition of Bio Ionic®. The company will remain a leading, global professional-only brand under the JD Beauty umbrella. This acquisition further enhances JD Beauty’s mission to offer a well-rounded product grouping of brushes, tools and other hair products. JD Beauty is a portfolio company of Topspin Partners, a New York-based private equity fund. This acquisition was completed in partnership with Topspin Partners, the majority owner of JD Beauty and Deerpath Capital Management, who provided financing for the transaction.
CEO of WetBrush® Jeffrey Davidson commented, “I am thrilled to have this well-respected and established, professional brand join the JD Beauty family. It is our mission to continue and grow the wonderful heritage that Bio Ionic® founder Fernando Romero started. We will work closely with our professional partners to bring the best in product innovation, inventory management and new, exciting marketing opportunities domestically and internationally.”
“We are so pleased to pass the baton to JD Beauty Group, whose support signifies an exciting chapter in our company’s history,” shares Fernando. “Their invaluable resources and insight will undoubtedly grow the Bio Ionic® name in the professional beauty industry.”