Alberto Culver snaps up Simple

Published: 15-Dec-2009
Finance

Alberto Culver has announced the acquisition of UK skin care company Simple Health & Beauty Ltd from private equity fund Duke Street.


Alberto Culver has announced the acquisition of UK skin care company Simple Health & Beauty Ltd from private equity fund Duke Street.

The £240m deal will be paid substantially from existing cash according to Alberto Culver with the sale expected to be completed by the end of the calendar year.

“Simple is a brand that we have followed for a long time due to its strong, differentiated positioning in the skin care category,” said Alberto Culver president and ceo, V James Marino. “This transaction reaffirms our overall focus on beauty care while moving us an important step forward in executing our strategy of expanding and strengthening our skin care portfolio.”

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