Waldencast Announces Completion of the Sale of Obagi Medical to Bridgepoint
Waldencast plc announced it has completed the sale of its Obagi Medical dermatological skincare business to Bridgepoint in a transaction valued at up to $460 million, subject to customary adjustments.
Why it matters — The sale represents a major step in Waldencast's strategy to strengthen its balance sheet and focus resources on accelerating the global growth of its remaining brand, Milk Makeup.