This article was originally published in The Rose Sheet
Acquires La Farmaco (Buenos Aires, Argentina), which holds market leader positions for its Veritas deodorant body powder and glycerin soaps as well as an eponymous glycerin soap, as a way to open up the firm's established lines of distribution in South America to Alberto VO5, St. Ives Swiss Formula and other brands. Alberto announced and completed the deal Jan. 7. Annual sales for the 94-year-old La Farmaco, which manufacturers between 30 and 40 personal care products, total approximately $15 mil. Following completion of the acquisition, Alberto will expand the Argentina manufacturing facilities and will produce its brands at the site. The Alberto brands currently are manufactured in Mexico City and have limited distribution in South America. Terms of the purchase were not disclosed
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