Add-on Acquisition • Consumer Products

Diamond Wipes Acquires Ode To Clean

On November 15, 2018, Diamond Wipes acquired consumer products company Ode To Clean

Acquisition Context
  • This is Diamond Wipes’ 1st transaction in the Consumer Products sector.
  • This is Diamond Wipes’ 1st transaction in the United States.

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M&A Deal Summary

Date November 15, 2018
Target Ode To Clean
Sector Consumer Products
Buyer(s) Diamond Wipes
Deal Type Add-on Acquisition

Target Company

Ode To Clean

United States
Ode To Clean is the world's first cleaning wipes made with 100% plant-based ingredients. The Ode to Clean brand was founded in 2016 by Solugen, a biotechnology company that specializes in Green Chemistry, a process to create a greener and safer chemicals. Solugen's Gaurab Chakrabarti, M.D., Ph.D., a doctor researching cancer, and Sean Hunt, Ph.D., a scientist, discovered a unique enzyme that produces a pure form of hydrogen peroxide which they have called BioperoxideTM. With their combined expertise, Dr. Chakrabarti and Dr. Hunt saw an opportunity to integrate BioperoxideTM into an everyday cleaning product that does not compromise performance for safety.
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Buyer Overview 1

Buyer

Diamond Wipes

Chino, California, United States

Category Company
Founded 1994
Sector Consumer Products
DESCRIPTION

Diamond Wipes offers beauty products, such as facial cleansers, makeup removers, hair care products, cosmetic brush cleaners, natural products, organic ingredients, and portable/travel products. Diamond Wipes was founded in 1984 and is based in Chino, California.


Deal Context for Buyer #
Overall 1 of 1
Sector: Consumer Products 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1