Gordon Labs
This article was originally published in The Rose Sheet
Executive Summary
Cosmetics and skin care formulator acquired by Chromatics Color Sciences for $5.5 mil. in cash and stock. Chromatics Color Sciences purchased approximately 85% of Gordon Labs, with the remainder to be acquired within one year. Gordon offers CCSI manufacturing and marketing capabilities with clients such as The Body Shop, Bath & Body Works and Herbalife. Prior to the deal, the companies were involved in a licensing agreement for CCSI's Colormate device for personalized cosmetics and skin care products. Former Chairman and CEO Brian Fitzpatrick becomes president and chief operating officer of CCSI and will relocate to New York City