Growth-oriented investment firm Knox Lane has agreed to make a strategic investment in Elevation Labs.
WHO: Since 2018, Elevation Labs has been a leading formulator and manufacturer of premium skincare, haircare, and color products. Headquartered in Idaho Falls, Idaho, the company offers custom development and comprehensive contract manufacturing solutions in both traditional and high-performance clean beauty. The company operates state-of-the-art facilities in both Idaho Falls, Idaho, and Denver, Colorado, with a deep bench of experienced chemists and lab technicians with over 20 manufacturing certifications and end-to-end capabilities spanning product formulation, sourcing, regulatory support, logistics, manufacturing, and packaging.
Based in San Francisco, Knox Lane is a growth-oriented investment firm comprised of a team of accomplished investors and operators with a shared work history and a strong track record of partnering with leading companies to accelerate transformational growth. Knox Lane seeks to provide support across a number of business components, including human capital, brand management, end-to-end digital transformation, sourcing, supply chain and logistics, strategic acquisitions, and business development.
WHY: In partnership with Knox Lane, Elevation Labs will increase capacity, capabilities, and its team while continuing to invest in best-in-class innovation, quality, and customer service. They also plan to supplement organic growth with strategic acquisitions that complement its existing geographic footprint and capabilities.
IN THEIR OWN WORDS: "Thanks to our talented team's unmatched dedication to creating the highest quality products for our clients, we have become an industry-leading formulator and developer for some of the most dynamic, high-growth beauty brands in the world," said Michael Hughes, President and CEO of Elevation Labs. "We are excited to partner with Knox Lane to execute on our strategy, given their multiple decades of investment and operational experience in the consumer products sector and track record of building exceptional beauty and personal care brands. We look forward to leveraging their team's industry expertise and operational insights to unlock value for our business, employees, and importantly, our valued customers—all while fulfilling our mission to create Phenomenal Customer Experiences Every Day."
"We are thrilled to support Michael and the Elevation Labs team as they continue to partner with innovative brands in the beauty industry," said John Bailey, Managing Partner at Knox Lane. "The combination of culture, customer service, and differentiated capabilities truly sets Elevation Labs apart, and we look forward to working together to build on their strong momentum and drive continued growth."
David Coghlan, Principal at Knox Lane, added, "Consumers are increasingly passionate about the ingredients going into their products, and Elevation Labs has distinguished itself as a partner of choice for some of the world's most prominent and sustainable clean label brands."
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