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Zorbit Acquired by Maesa for $50 Million

France-based company takes full stake in New York beauty marketer

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By: TOM BRANNA

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Maesa, the Levallois-Perret, France-based firm, took a 100% stake in Zorbit of New York, in a deal signed this month. Some $12.5 million was paid on the day of the signing, Jan. 9, while the remainder will be paid over five years, depending in part on Zorbit’s financial performance, says the company. Zorbit was created in 2003. It also has offices in Los Angeles and Shenzhen, China. The company’s revenues last year were approximately $45 million and in 2007, were $23 million, according to the...

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