Procter & Gamble Acquires Nioxin
September 4th, 2008 at 9:25pm |
Procter & Gamble Co. said Wednesday that it has acquired Atlanta-BASED Nioxin Research Laboratories Inc.
Nioxin, which focuses on the scalp care and thinning hair segments of the professional hair care business, is distributed in more than 85,000 U.S. salons and in more than 40 countries. Terms of the deal, which has been completed, were not disclosed.
“We are looking to establish P&G as the leader in the professional business,” said Kevin Otero, Procter & Gamble’s general manager of professional care in North America, noting that the deal is in line with the company’s stated strategy of focusing on fast-growing, high-margin, asset-efficient businesses….
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