Sun and Skin Care Research, Inc., a Cocoa, Fla.-based manufacturer of branded and private label sun-care products, has received a majority investment from a group of investors led by Source Capital.
The amount of the transaction was not released.
Following the investment, founder Gary DeAngelo will continue to remain active within the daily operations. He retained a significant ownership stake in the company. Industry veteran Steve Taylor, who spent 25 years in multiple leadership positions with Johnson & Johnson including senior roles with brands such as Neutrogena(r), Roc(r), Aveeno(r), Piz Buin(r), and Johnson’s Baby(r), will join the company as CEO.
Founded in 1989, Sun and Skin Care Research Inc., manufactures a vast array of sunscreen and skin lotion products marketed under the Ocean Potion(r) and No-Ad(r). The company sells its products around the world in over 70 countries.
The investment aims to help the company introduce new products, new brands and expand into new categories while also accelerating its international growth.