Henkel further strengthens its Beauty Care business
Düsseldorf, Germany, 08-Sep-2017 — /EuropaWire/ — Henkel has successfully closed the acquisition of Nattura Laboratorios, S.A. de C.V., headquartered in Guadalajara, Mexico. The agreement to acquire Nattura Laboratorios and associated companies in the USA, Colombia and Spain was signed on March 8, 2017.
With this acquisition, Henkel strengthens its Hair Professional business and significantly expands its market positions in Mexico and the USA. The transaction includes a portfolio of leading brands in Henkel’s core category Hair Professional. Major brands are Pravana and Tec Italy. In the fiscal year 2016, Nattura Laboratorios generated sales of more than 100 million euros.
“This acquisition is part of our strategy to strengthen our position in attractive markets and categories and will reinforce Henkel’s global No. 3 position in the hair professional business,” said Henkel CEO Hans Van Bylen.
“The strong brands of Nattura Laboratorios are a perfect fit for our Beauty Care business. This transaction provides an excellent platform for further growth in the attractive Latin American market and further expands our strong presence in North America,” said Pascal Houdayer, Executive Vice President and responsible for Henkel’s Beauty Care business.
“This transaction shows once more our strong capabilities to identify and execute attractive and compelling acquisitions,” said CFO Carsten Knobel.
Both parties agreed to not disclose any financial details of the transaction.
About Nattura Laboratorios, S.A. de C.V.
Nattura is a Mexico-based hair care company serving with its main associated companies in the USA and Colombia the Latin and North American market. The business was founded in 1982. With its main brands Pravana and Tec Italy it operates primarily in the professional hair care segment. In 2016, the business reported sales of more than 100 million euros.
This document contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update forward-looking statements.
SOURCE: Henkel AG & Co. KGaA
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