ZELE – Drylock Technologies, headquartered in Zele Belgium, has agreed to simultaneously acquire two competing Brazilian personal care product companies, Mardam and Capricho. Both have their headquarters and operations in the São Paulo region of Brazil – the largest metropolitan consumer market of Latin America.
The management teams of both Mardam and Capricho will jointly manage and expand the combined business under the Drylock name, with Drylock as the 100% shareholder.