L'Oréal USA, a subsidiary of L'Oréal, has acquired, through its SalonCentric division, 100% of the capital of C.B. Sullivan, a New Hampshire-based company.
C.B. Sullivan supplies hair salons in 6 states across the North East of the United States (Vermont, New Hampshire, Maine, Connecticut, Rhode Island and Massachusetts) with a network of representatives and outlets open only to professionals. The company's net sales for the fiscal year 2009 were approximately $50 million.
With this acquisition, the SalonCentric division of L'Oréal USA is extending its distribution network, demonstrating the constant determination of the Professional Products Division to offer a better service to U.S. hair salons.
This acquisition is consolidated as of June 1, 2010.
marketing@alchempro.com
