Henkel signed an agreement to acquire Nattura Laboratorios, headquartered in Guadalajara, Mexico, and associated companies in the US, Colombia and Spain.
Through the acquisition Henkel will further strengthen its hair professional business and expand its footprint in both the emerging and mature markets.
The transaction includes a portfolio of leading brands in Henkel’s core hair professional category. Major brands are Pravana and Tec Italy. In the fiscal year 2016, the business generated sales of more than EUR100 million.
“This acquisition is part of our strategy to strengthen our position in attractive markets and categories. We will expand our hair professional business in Mexico and further leverage our brand portfolio in the US hair professional market,” says Henkel CEO Hans Van Bylen.
“The high-performance and high-quality brands of Nattura Laboratorios are a perfect fit for our beauty care business. They will complete our hair professional colorants core category and will reinforce Henkel’s global number three position in this business. Moreover, this transaction will provide a platform for further growth in the attractive Latin American market,” says Pascal Houdayer, executive vice president and responsible for Henkel’s beauty care business.
The parties agreed to not disclose any financial details of the transaction. The acquisition is subject to customary closing conditions, including regulatory approvals.
