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Kao buys U.S. hair care brand

This article was originally published in The Rose Sheet

Executive Summary

Japanese-based Kao is expanding its U.S. hair care portfolio with addition of salon brand KMS, company announces Feb. 8. With sales of $43.6 mil. (€1=$.87), KMS (Redding, Calif.) will operate under Kao's Darmstadt, Germany-based Goldwell professional hair care group, which generated sales of $237.4 mil. in 2001, Kao says. Acquisition will be completed in February and will include KMS' manufacturing and distribution partner in Europe, KMS Research Laboratories. KMS, which employs 190 people, will continue as a "styling and care" brand, Kao says...
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