Karo Healthcare Expands Its Skin Health Brand Portfolio in Northern Europe Following Acquisition

Karo Healthcare Expands Its Skin Health Portfolio

Karo Healthcare, a key player in European consumer healthcare, has announced significant progress in its brand expansion strategy. Following the completion of KKR's acquisition of Karo Healthcare on August 27, the company has confirmed its agreement to acquire a robust portfolio of skin health brands, including the well-regarded ACO, further consolidating its market position in Northern Europe.

The acquisition will see Karo integrating several trusted brands under the Dermacosmetics division of Perrigo, a company known for its commitment to quality and consumer trust in health solutions. This strategic move was first revealed on July 14, 2025, and the transaction is projected to close in the first quarter of 2026, pending regulatory approvals.

With annual net sales exceeding EUR 120 million in 2024 across key markets such as the Nordics, the Netherlands, and Poland, this portfolio includes renowned brands such as ACO, encompassing lines like Cosmica, Canoderm, Cliniderm, and Miniderm. The incorporation of these products not only enriches Karo’s offerings in face, body, and sun care but also introduces medicated skin health solutions that have a proven scientific basis, appealing to both consumers and healthcare professionals alike.

Karo’s CEO, Christoffer Lorenzen, emphasized that this acquisition represents a pivotal advancement in the company’s strategy to emerge as a leading multi-channel player in the European consumer healthcare market. He remarked, “Bringing in a comprehensive collection of science-backed and trusted skin health brands strengthens Karo’s presence in crucial markets. We are excited to welcome the skilled employees from this acquisition, which will bolster our capabilities and long-term growth in the skin health sector.”

In addition to enhancing Karo’s brand portfolio, this acquisition signifies a strategic step toward increasing their footprint within growing markets, notably Poland, which is increasingly tapping into consumer health demands.

Regarding the strategic partnerships involved in this acquisition, Hans Arstad, Managing Director at KKR, stated, “Karo is perfectly positioned as the ideal strategic partner for Perrigo’s Dermacosmetics business. The solid foundation provided by Karo within the Nordics and KKR’s expertise in managing corporate carveouts ensures these brands and their teams are set up for long-term success.”

Key features of this transaction include not only the brands themselves but also the dedicated organization that comes bundled with the acquisition. This well-established team brings a wealth of knowledge and operational excellence, expected to seamlessly integrate into Karo’s business model and contribute to its sustainable growth trajectory.

The added brands, known for their solid scientific heritage and consumer trust, align perfectly with Karo’s vision of advancing healthcare solutions that empower individuals to lead healthier lives. As Karo continues its mission of providing smart choices for everyday healthcare, this acquisition marks another step towards becoming a household name across the diverse landscapes of Europe.

Morgan Stanley acted as Karo’s financial advisers, with a consortium of legal firms including Kirkland & Ellis, Simpson Thacher & Bartlett, and White & Case providing counsel for the transaction. Financial diligence was managed by PwC, while Alvarez & Marsal will aid in the integration phase.

As Karo moves forward with this acquisition, stakeholders await the changes that will come with the integration of these beloved brands – a process that promises to enhance the consumer landscape in skincare across Northern Europe.

For more information, interested parties are encouraged to reach out to Karo Healthcare executives including CEO Christoffer Lorenzen at [email protected] or Michael Kaltenborn, the Chief Strategic Development Officer, at +49 171 681 0314.

For further details on the overarching vision and product offerings of Karo Healthcare, visit their official website at karohealthcare.com, where they are committed to empowering people with choices that encourage their health and wellness.