Sally Beauty bolsters international footprint via acquisition
DENTON, Texas — Beauty supply retailer Sally Beauty Holdings has bolstered its presence in Europe by acquiring Kappersservice Floral B.V. and two related companies, Hair Zone B.V. and Exphair B.V. (the “Floral Group”).
“The acquisition of Floral Group is another important step in expanding our international footprint,” stated Gary Winterhalter, CEO of Sally Beauty Holdings. “We believe Floral Group is an exceptional addition to our business. It is the largest professional beauty supply group in the Netherlands and brings us an outstanding format to broaden our reach in serving both the professional and retail customers in Europe. This acquisition is highly complementary with our existing Belgium based Pro Duo business.”
The Floral Group is headquartered in Eindhoven, Netherlands and had its start more than 60 years ago. The companies operate three concepts in the beauty industry and serve the professional and retail consumer through 19 stores and 33 direct sales consultants.
The acquisition is expected to be neutral, post integration costs, to Sally Beauty Holdings’ earnings per share in fiscal 2012.