st41

Spray Oct 2014

October 2014 Spray 41 Mergers & Acquisitions L’Oréal announced the acquisition of Niely Cosmeticos, a Brazilian manufacturer of hair care and color treatment products. The deal includes Niely’s Nova Iguaçu facilities in greater Rio de Janeiro. Following strong numbers so far this year—sales in the fourth quarter of 2014 are up 13% over the same period last year—Estée Lauder announced plans to refocus the company’s global business strategy with renewed emphasis on mergers and acquisitions, particularly in the Asian skin care market. Despite not making any acquisitions since the company purchased Smashbox Beauty Cosmetics in 2010, Estée Lauder has a history of transforming small brands into global players, such as Bobbi Brown and MAC Cosmetics. Private equity firm Oak Hill Capital Partners formally agreed to acquire Berlin Packaging LLC from Bahrain-based Investcorp for a sum of $1.43 billion. Oak Hill, a New York firm with more than $4.1 billion in total assets, expects the deal to meet anti-trust approval and go into effect later this year. Evonik, producer of specialty chemicals, revealed plans to make Univar the company’s sole distributor of organic and silicone-based raw materials and active ingredients for Personal Care products in the northeastern U.S. Evonik will continue to directly market and sell its line of ABIL silicones, which is not included in the agreement. Additionally, Evonik named Glenn Corporation the exclusive distributor of the same materials and ingredients for Personal Care products in Florida. Glenn, a Minnesota-based distributor of Personal Care and Industrial specialty chemicals and subsidiary of Koda Distribution Group, will support Evonik through its Savannah, GA and southern Florida warehousing facilities. SPRAY


Spray Oct 2014
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