Mitsui to Acquire US Based Cosmetics Contract Manufacturer

Aug. 21, 2023

Main Contents

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has agreed to acquire all shares in US based cosmetics contract manufacturer Dermaceutical Laboratories, LLC ("D-LAB", Head Office: Bergen County, New Jersey, USA). D-LAB is an ODM (original design manufacturer) that develops and manufactures skincare and color cosmetics products and OTC for companies based in the US and global brands by using its development and manufacturing capabilities which it has built up in the world's biggest market for beauty and personal care (BPC) products.

The US beauty market is the biggest in the world (worth approximately USD 110.6 Billion), and, in particular, the market for skincare products, which accounts for 23% of the total beauty market, is expected to maintain steady growth, with increasing health and wellness awareness among consumers*1. In the US, backed by an increase in the purchasing power of Millennials and Gen Z people, who now make up about 42% of the economically productive section of the population, as well as the emergence of new brands, expectations for the further growth of the BPC market and demand for ODM services have been increasing. After acquiring all the shares in D-LAB, Mitsui will position the company as its core BPC business in the Americas and will propose unique concepts, functional materials and new technologies from Japan. Furthermore, by leveraging its raw material procurement capabilities and realizing synergies with its existing BPC business assets, Mitsui will work to build a BPC business cluster in the Americas on a large scale.

While engaging in these activities and utilizing its extensive business assets and global networks, Mitsui will contribute to the enhancement of people's quality of life through its consumer products business (personal care and hygiene products, including cosmetics).

*1 Source: Euromonitor International

Company Profile

Name Dermaceutical Laboratories, LLC
Address Bergen County, New Jersey, USA
Established 2001
Representative John Kim (new CEO)
Employees 84
Business activities Planning, design, and manufacture of cosmetics
Website URL

D-LAB headquarter

D-LAB headquarter

D-LAB skincare and color cosmetics

D-LAB skincare and color cosmetics

Mitsui’s Materiality

“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Enhance quality of life”

  • Secure sustainable supply of essential products

    Secure sustainable supply of essential products

  • Enhance quality of life

    Enhance quality of life

  • Create an eco-friendly society

    Create an eco-friendly society

  • Develop talent leading to value creation

    Develop talent leading to value creation

  • Build an organization with integrity

    Build an organization with integrity


For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
Facsimile: +81-3-3285-9819
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