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NEXUS CAPITAL MANAGEMENT PORTFOLIO COMPANIES MAV BEAUTY AND SKY ORGANICS ANNOUNCE STRATEGIC MERGER

TORONTO & BOCA RATON, Fla., Oct. 01, 2024 (GLOBE NEWSWIRE) -- MAV Beauty, a global hair and personal care company, and Sky Organics, a pioneer in organic beauty solutions, announced today their strategic merger, which aims to leverage the strengths of both companies, enhancing product innovation and expanding market reach. MAV Beauty, known for its diverse portfolio, including Marc Anthony True Professional, Renpure, Cake Beauty and The Mane Choice, brings decades of expertise in delivering high-quality hair and personal care products globally. Sky Organics is recognized for its sustainable practices and organic offerings as well as its mission-driven approach to high-quality beauty and personal care.

'This merger represents a transformative moment for both our companies,' said Michael Cohen, Partner at Nexus, 'The teams are combining their resources and expertise to innovate and provide exceptional products that meet the evolving needs of our consumers. We are excited to embark on this next chapter with strengthened capabilities to accelerate the growth of our brands”.

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