Rose Sheet is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Sally Beauty buying binge continues

Executive Summary

Beauty supply retailer and distributor acquires Sinelco Group NV, a Belgian-based wholesale distributor of professional beauty products, for €25.5, or about $36.6 million, firm announces Dec. 17. Sinelco specializes in products such as electricals, sundries, accessories and salon supplies, and serves more than 1,500 customers from 35 countries through its catalog, Web site and sales offices. "The addition of Sinelco, which sources many of its products in Asia, will provide us the opportunity to sell to distributors of professional products in many countries in which we lack a physical presence," Vice President Chad Selvidge says in a release. Approximately 85% of Sinelco's revenue comes from its "exclusive-label" brands, according to the firm. Sally Beauty has been on a buying binge of late, acquiring distributor Schoeneman Beauty supply for $61 million in October and distributor Belleza Concept International in September (1"The Rose Sheet" Oct. 12, 2009 and 2"The Rose Sheet" Sept. 28, 2009)
Advertisement

Related Content

Sally buys distributor
Advertisement
UsernamePublicRestriction

Register

RS016626

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel