Investment group acquires controlling interest in maker of Ocean Potion and No-Ad sun care
COCOA, Fla. — Sun and Skin Care Research, a manufacturer of branded and private-label sun care products that are sold under such brands as Ocean Potion and No-Ad, has announced that an investment group led by private equity firm Source Capital, and including the company's management, has acquired a majority interest in the company.
SSCR founder Gary DeAngelo will continue to remain active within the day-to-day operations and will retain a significant ownership stake, while industry veteran Steve Taylor will join the company as CEO. Taylor previously spent 25 years in multiple leadership positions with Johnson & Johnson, including senior roles with such brands as Neutrogena, Roc, Aveeno, Piz Buin and Johnson's Baby.
Taylor stated that, over the coming months, the company plans to introduce new products and brands and expand into new categories, while also accelerating its international growth. SSCR currently sells its products around the world in more than 70 countries.