Farouk Systems, Inc., just announced a joint venture with LG Household and Health Care, Ltd. This joint venture resulted in the formation of a co-owned South Korean corporation named LG Farouk Co.
LG Farouk Co. will bring the latest technology and advancements to the beauty industry. It will establish a manufacturing facility in Korea to better serve distribution channels in Asia.
Each company will combine their expertise in technology and product formulations to deliver new product concepts. Farouk Systems will also distribute LG Household and Health Care’s skin care brands through its worldwide distribution channels in the professional salon industry. The lines will include existing products with an expansion plan to include antiaging and hydrating skin care as well as technologically advanced devices.
Farouk Systems, Inc. is a Houston based company of hairdressers for hairdressers, known for manufacturing high-quality professional hair care products under the industry-leading brands: SunGlitz®, CHI® and BioSilk®. The company was founded in 1986 by Dr. Farouk Shami, a hairdresser and owner of 25 patents. His mission is to provide the professional beauty industry with the most advanced American technology based upon “Education, Environment and Ethics”. Farouk Systems currently serves the beauty industry with the latest innovations, its wide range of markets through multiple successful product lines, and the finest educational support to better serve hairdressers and their clients world-wide in over 100 countries.
According to Dr. Shami, “This union will not only provide a new form of science from LG but a fresher approach combining art and innovation that Farouk Systems is famous for. Together, we will be able to create and manufacture a whole new future of technology for the beauty industry.”
LG Electronics was founded as GoldStar (Hangul:금성) and produced South Korea’s first radios, TVs, refrigerators, washing machines, and air conditioners. LG Household and Health Care, Ltd. today is a South Korean multinational company headquartered in Yeouido-dong, Seoul, and a member of the LG Group, employing over 200,000 people working in 130 countries.