Sally Beauty Acquisitions To Push Sally Sales Over $200 Mil. In Next 12 Mos.
This article was originally published in The Rose Sheet
Executive Summary
Alberto-Culver's Sally Beauty Systems Group completed the acquisition of two full-service beauty supply distributors for $20 mil., the company announced Jan. 27. Alberto said it will continue "to search for promising acquisition candidates."
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Sally Beauty
Beauty Systems Group subsidiary acquires full-service distributor Macon Beauty Supply, Alberto-Culver announces Jan. 28. Macon, which has annual sales of $40 mil., employs a sales force of 70 and operates 22 professional retail stores. Macon distributes the Matrix, L'Oreal, Graham Webb, OPI and Creative Nail brands in southern states, including Georgia, Florida and the Carolinas. The purchase is expected to increase Beauty Systems' sales to $300 mil. The company completed the purchase of two smaller full-service chains - G.A. Kayser & Sons and United/Ace Beauty Supply - in early 1999 (1"The Rose Sheet" Feb. 1, 1999, p. 18). Alberto is considering other acquisitions for the company
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