Alberto Culver Acquires Simple Health & Beauty Limited
Alberto Culver Company enters into an agreement to acquire Simple Health & Beauty Limited, a leading UK-based skin care company, from Duke Street, a mid-market private equity fund.
Commenting on the announcement, Alberto Culver President and Chief Executive Officer V. James Marino, says, "I am very pleased with the opportunity to complete a transaction that gives us a brand well known and respected in its market and a business that will be immediately accretive for Alberto Culver. Simple is a brand that we have followed for a long time due to its strong, differentiated positioning in the skin care category. I've admired the tremendous job that the management team has done in growing the business and we'll continue to leverage Simple's brand strength to drive future growth. This transaction reaffirms our overall focus on beauty care while moving us an important step forward in executing our strategy of expanding and strengthening our skin care portfolio."
Commenting on the announcement, Alberto Culver President and Chief Executive Officer V. James Marino, says, "I am very pleased with the opportunity to complete a transaction that gives us a brand well known and respected in its market and a business that will be immediately accretive for Alberto Culver. Simple is a brand that we have followed for a long time due to its strong, differentiated positioning in the skin care category. I've admired the tremendous job that the management team has done in growing the business and we'll continue to leverage Simple's brand strength to drive future growth. This transaction reaffirms our overall focus on beauty care while moving us an important step forward in executing our strategy of expanding and strengthening our skin care portfolio."