MAC Cosmetics stylized as M·A·C is a cosmetics manufacturer founded in Toronto in 1984 by Frank Toskan and Frank Angelo. The company is headquartered in New York City and became part of the Estee Lauder Companies in 1998. MAC is an abbreviation for Make up Art Cosmetics.MAC Cosmetics stylized as M·A·C is a cosmetics manufacturer founded in Toronto in 1984 by Frank Toskan and Frank Angelo. The company is headquartered in New York City and became part of the Estee Lauder Companies in 1998. MAC is an abbreviation for Make up Art Cosmetics.