StockMarketWire.com - Cosmetics retailer Revolution Beauty said it had acquired haircare and skincare products supplier Medichem Manufacturing for £23 million.

Medichem's operations included an R&D laboratory, bulk manufacturing, warehousing and distribution. It employed more than 170 people.

During its last financial year to 31 December 2020, Medichem reported revenues of £13.4 million and pre-tax profit of £1.6 million.


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