Henkel signed an agreement to acquire Zotos International, the North American Hair Professional business of Shiseido Company, for 485 million US dollars. The acquisition comprises hair professional brands such as Joico and Zotos Professional.
“This acquisition is part of our strategy to expand our position in attractive markets and categories. It will further strengthen our Hair Professional business in the US, the world’s single biggest hair professional market. The high-performance and high-quality brands are a perfect fit for our Beauty Care business. We are looking forward to welcoming Zotos’ experienced team at Henkel,” said Henkel’s Chief Executive Officer Hans Van Bylen.
The transaction is Henkel’s third acquisition in the US hair professional business in recent years. In 2014, Henkel acquired the three US companies Sexy Hair, Alterna and Kenra. Last month, Henkel successfully closed the acquisition of Nattura Laboratorios with its US hair professional brand Pravana.
The acquisition is subject to customary closing conditions, including regulatory approvals.
About Henkel
Henkel operates globally with a diversified portfolio. The company has three business units in both industrial and consumer businesses. Founded in 1876, Henkel looks back on more than 140 years of success. In 2016, Henkel reported sales of 18.7 billion euros, adjusted operating profit of 3.2 billion euros. Combined sales of the respective top brands of the three business units – Loctite, Schwarzkopf and Persil – amounted to more than 6 billion euros. Henkel employs more than 50,000 people globally.