This article was originally published in The Rose Sheet
Sally Beauty acquiring $65 mil-$70 mil. business operation for $35 mil, a deal expected to close within two to four weeks, CEO Howard Bernick announces April 27. The purchase, in addition to a smaller deal set to close within 60-90 days, will put Sally Beauty at the $400 mil. annual sales mark. Sally Beauty sales and profits were up 15% for the fiscal second quarter (ended March 31). Alberto-Culver North America sales were up 16% and earnings rose 6%. Net sales increased 13.6% to $553.8 mil., and earnings climbed 13.5% to $22.8 mil
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Beauty Supply Group adds 32 professional-only beauty supply stores under a definitive agreement to purchase Davidson Supply Company for $35 mil., the firm announces May 9. Beauty care distributor Davidson generates annual sales of $65 mil. and distributes salon products such as Paul Mitchell, OPI, TIGI and Sebastian. Alberto, which has purchased a number of companies in the past 18 months, plans to "slow the pace" as it integrates recent acquisitions. The company announced its intention to purchase Davidson in late April (1"The Rose Sheet" May 1, In Brief). The Davidson deal and an upcoming smaller purchase will bring Beauty Systems Group sales to $400 mil
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