Wellington, Sept 10 NZPA - Ecoya Ltd, the home fragrance company backed by the former owners of vodka company 42 Below, is buying skincare products company Trilogy Natural Products Ltd.
Trilogy was founded by sisters Sarah Gibbs and Catherine de Groot in 2002 in Wellington. The sale price was not disclosed.
Ecoya executive chairman Geoff Ross said the addition of a brand of skincare products to Ecoya's range of home fragrance and body and bath products was a natural progression for the company and one it has been considering since inception.
"Trilogy is a leader in Australasia and it shares similar views to us on natural ingredients and the emerging opportunities in the affordable luxury category," he said.
There were also distribution synergies as Trilogy was active in Britain and Ireland.
Trilogy is profitable and in December 2009 calendar year generated revenues of $9.3 million, Mr Ross said.
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