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Companies & industry

Oxygen Development acquires the Korean company Eyesome

Oxygen Development has reached a new milestone last month with the takeover of Eyesome, a Korean manufacturer specializing in skin care products. With this move, along with the completion of a new Florida-based 140,000 square-foot skin care facility, the U.S. Company will be able to significantly increase its product offerings to its customer base.

Eyesome Co., Ltd. headquarters in Anseong, South Korea

Eyesome Co., Ltd. headquarters in Anseong, South Korea

Oxygen Development, created some fifteen years ago continues to forge ahead. After moving into a state-of-the-art headquarters five years ago offering cutting edge equipment for R&D, formulation, manufacturing and filling of cosmetic products, the company closed its acquisition of 12-year-old Eyesome in November.

Eyesome operates a factory and R&D facility in Anseong, South Korea

Eyesome operates a factory and R&D facility in Anseong, South Korea

Eyesome along with our new skin care facility will allow us to bring Korean beauty and technology to our customers in a far more efficient manner than is available to them today. Beyond this we expect the transaction to greatly enhance our R&D capabilities given Eyesome’s alliances with Korean universities and focus on raw material development.

New plant in Florida

Scheduled to open in Q1 2018, Oxygen’s 140,000 square foot (13,000 sqm) new Florida-based skin care manufacturing will be equipped with the most modern Korean manufacturing equipment. “Oxygen is a global company today. We have people from 38 different countries who work at Oxygen. We will embrace these differences in cultures and perspectives, taking all the best practices from different regions of the world and encompass them into everything we do.

Make-up and Skincare, the winning duo!

With the acquisition, last month, of the Korean Company Eyesome and by investing significantly in a new plant in South Florida, leaders at Oxygen Development are clearly demonstrating their strong will to be present in both the makeup and skincare niche. “Today, we already produce seven to eight million pieces in the skincare segment per year,” added officials. The integration of Eyesome and the new 140,000 square-foot (13,000 sqm) plant in Florida will put a boost to this strategy.

Jean-Yves Bourgeois

© 2017 - Premium Beauty News - www.premiumbeautynews.com
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