Alberto-Culver
This article was originally published in The Rose Sheet
Executive Summary
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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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 (Also see "Alberto-Culver" - HBW Insight, 1 May, 2000.)). The Davidson deal and an upcoming smaller purchase will bring Beauty Systems Group sales to $400 mil. |