Group Marcelle has acquired Lise Watier Cosmétiques with an $18-million investment by pension fund Caisse de dépôt et placement du Québec.
The acquisition by the Canadian cosmetics developer, manufacturer and distributor positions Group Marcelle as the Canadian leader in the beauty industry, according to a news release.
Read: Caisse invests $5.4 million in Groupe Moreau
“This $18-million investment by la Caisse will bring together two high-quality Quebec companies to create a new industry champion,” said Christian Dubé, executive vice-president, Québec at la Caisse.
“Groupe Marcelle has demonstrated, over the years, its ability to innovate constantly and develop new products. This investment is perfectly aligned with our strategy of furthering the growth of innovative and high-performing companies, while generating attractive returns for our clients.”