Present Life acquires One Ocean Beauty

US-based beauty and wellness company One Ocean Beauty has been acquired by Present Life, which is a partner of the global investment fund The Craftory.

Financial details of the deal have not been disclosed.

One Ocean Beauty’s formulations use  marine ingredients from the world’s oceans.

A newly formed wellbeing and beauty holding company, Present Life builds and acquires natural self-care brands.

The acquisition of One Ocean Beauty will enable Present Life to expand its presence across the globe using innovative, clean, clinically proven and environmentally responsible skincare wellness.

One Ocean Beauty founder and CEO Marcella Cacci said: “We are so proud to join the Present Life team. Our brand ethos, product positioning and commitment to the oceans are well aligned with the Present Life platform.

“The acquisition will provide the resources and capital to expand the brand through further development of our infrastructure and global presence.

Present Life executive chairman Camillo Pane said: “One Ocean Beauty is a perfect fit for Present Life and reflects our values and ambition, I’m looking forward to supporting Marcella and her team through their next phase of expansion.”

In July 2018, One Ocean Beauty was launched to serve the cosmetics market by a company with the same brand name.