Beiersdorf to Acquire Chantecaille's Skin-Care Business
December 22 2021 - 1:06AM
Dow Jones News
By Joshua Kirby
Beiersdorf AG said late Tuesday that it has reached an agreement
to buy Chantecaille Beauty's skin-care business.
The German maker of personal-care products said the deal gave
the business an enterprise value between $590 million and $690
million, depending on future development. The business is expected
to make global sales of more than $100 million this year,
Beiersdorf said, adding that the acquisition will help drive growth
in the North American and Asian markets.
The transaction with the New York-based cosmetics company is
subject to antitrust approval and other customary conditions, and
is expected to close next quarter, Beiersdorf added.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
December 22, 2021 01:51 ET (06:51 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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