By  on March 7, 2008

Armed with its new owner's resources, Colorescience is aiming to solidify its position as doctors' top choice for mineral makeup.

Private equity firm VMG Partners bought a majority share of the Dana Point, Calif.-based brand late last year for an undisclosed sum. Colorescience founder Diane Ranger remains chief executive officer, and Curtis Cluff, formerly Obagi's chief financial officer and senior vice president of operations, has been named president. Industry sources estimate Colorescience's annual revenues have been in the $30 million to $40 million range.

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