Financial terms of the transaction weren’t disclosed. Carrollton, Texas-based Jack Black, founded in 200o, offers a full range of men’s beauty and personal care products, including skin care, body care, shaving, hair care, fragrances, razors and gift sets.
Edgewell said Jack Black’s largest markets are in the United States and Canada, where it is a top-selling brand at such retailers as Nordstrom, Ulta Beauty, Neiman Marcus, Bloomingdale’s, Dillard’s and Sephora.
Jack Black also has seen robust c-commerce growth and penetration via the online platforms of its prestige retail partners, Amazon Luxury Beauty and its getJackBlack.com website.
“As a challenger company in men’s grooming, Edgewell has continuously pressed beyond category conventions to bring unique solutions and innovation, such as Schick Hydro and Bulldog skin care, to satisfy men’s everyday grooming needs,” stated Colin Hutchison, chief operating officer for Edgewell Personal Care. “Similarly, Jack Black is a breakthrough brand, driving the growth of the luxury men’s category through product innovation and cultivation of a highly engaged, loyal and growing customer base. The Jack Black brand is a strong and complementary addition to Edgewell’s portfolio based on its unique brand positioning, prestige channel footprint and product assortment.
“This acquisition creates opportunities to expand our personal care portfolio in growing categories in the U.S. and globally,” Hutchison added, “while nurturing the strong brand equity that the Jack Black founders have developed.”
The transaction is expected to close in the second quarter, pending regulatory approval and other customary closing conditions. Edgewell said it will discuss the acquisition in further detail on its earnings call scheduled for Feb. 8.
“We are delighted to be joining Edgewell’s family of brands. This is an excellent home for Jack Black, and we look forward to continuing to drive strong growth in North America and expanding our global presence,” commented Curran Dandurand, chief executive officer of Jack Black. “We’ve built our leadership position in the U.S. by providing superior skin care products using the best ingredients that work as advertised and are never tested on animals. We’re very excited about the future and about sharing our products with more people throughout the world.”