JD Beauty Group Acquires Bio Ionic
Founder of Bio Ionic, Fernando Romero
JD Beauty Group, the parent company of WetBrush, has announced the acquisition of the Bio Ionic brand of professional electrical beauty appliances. Bio Ionic will remain a global, professional-only brand under the JD Beauty umbrella. This acquisition further enhances JD Beauty’s mission to offer a well-rounded product offering of hair brushes, electrical appliances, and liquids.
“I am thrilled to have this well respected and established professional brand join the JD Beauty family," says Jeffrey Davidson, CEO of WetBrush. "It is our mission to continue and grow the wonderful heritage that 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.”
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.
“We are so pleased to pass the baton to JD Beauty Group, whose support signifies an exciting chapter in our company’s history," says Fernando Romero, founder of Bio Ionic. "Their invaluable resources and insight will undoubtedly grow the Bio Ionic name in the professional beauty industry.”
JD Beauty Group is one of the leading marketers and manufacturers of professional beauty products. Based in New York and launched in 1977, JD Beauty Group has launched some of the industry’s most recognizable and innovative brands and products such as WetBrush, Luxor Pro, Lure, TS-2 and more. www.jdbeauty.com
Originally posted on Modern Salon.