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First Harbor Capital to Acquire Organic Health and Beauty Brand Bryce Skin Care
Wednesday 22 May 2019

22 May 2019 - US-based holding company AnnaBidiol, Inc. d/b/a First Harbor Capital, Inc. (OTC: ACBD) has signed a letter of intent to acquire all issued and outstanding shares of US-based health and beauty brand Bryce Skin Care, the company said.

Bryce Skin Care (formerly Bryce Organics), founded in 2007, is a high-end organic health and beauty line featuring breakthrough products formulated of superfruit stem cells and farm fresh fruit and vegetable purée.

Bryce has recently rebranded and developed a dermatologist recommended product line with a retinoid, collagen, and CoQ10 formula developed to help prevent wrinkles by stimulating cell regeneration, while tightening and firming skin.

The high-end organic skin care line will continue to incorporate superfruit stem cells and fresh fruit and vegetable purée, keeping with their unique twist on "edible" skin care.

Previously competing amongst recognisable brands at Whole Foods, independent retail stores and spas at Four Seasons, Ritz-Carlton and Marriott Hotel properties, this strategic acquisition provides growth opportunities to both companies through access to each others' clients, contacts and services.

Additionally, Bryce Skin Care plans to launch a handcrafted, CBD-infused luxury skin care line, thus increasing the opportunity for retail sales and wholesale contracts to increase the return on investment.

Bryce Skin Care was founded in 2007. Its products are handcrafted in the USA and made fresh-to-order in small batches blending local, organic ingredients.

First Harbor Capital is a holding company seeking to acquire emerging companies in key industries where rapid revenue growth and market share penetration are poised for significant gains.
Details
Date Published: 22/05/2019
Target: Bryce Skin Care
Country: USA
Sector: Consumer Products
Type: LBO
Financing:
Status: Agreed
Vendor:
Buyer: AnnaBidiol, Inc. d/b/a First Harbor Capital
Comment:
Terms of the deal were not disclosed

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