In Brief: Alberto Culver
This article was originally published in The Rose Sheet
Alberto Culver: Canadian division earmarks $4 mil. to expand its corporate headquarters, add warehouse facilities and upgrade manufacturing and laboratory facilities in Toronto. The company noted that the expansion will allow Alberto to expand distribution of St. Ives products in Canada and "further strengthen" its position in the country. Alberto completed its acquisition of St. Ives for $120 mil. in cash on Feb. 6 ("The Rose Sheet" Feb. 12, In Brief). The Canadian expansion is the final phase of Alberto-Culver's three-year $6.5 mil. modernization and expansion plan...
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