Content about Alberto-Culver

SUPPLIER NEWS — The Mentholatum Co. has announced that an independent testing group has found its Oxy Maximum face wash to be an effective acne treatment at a great value and has endorsed it as a “bargain buy.”


LONDON and ROTTERDAM, Netherlands — Unilever has inked a definitive agreement to sell one of its divisions for $325 million in cash.

Unilever said it plans to sell its Culver Specialty Brands division — which houses such brands as Mrs. Dash, Molly McButter, Bakers Joy, Sugar Twin and Static Guard, which are sold in the United States and Canada — to B&G Foods. The division, which garnered $90 million in revenue for Unilever for the 12 months ended in September, became part of the company after Unilever's acquisition of Alberto-Culver.

SUPPLIER NEWS — Brynwood Partners VI announced that High Ridge Brands, its portfolio company and owner of the North American Zest personal cleansing franchise, signed a purchase agreement with Unilever to acquire the Alberto VO5 brand and marketing rights in the United States and Puerto Rico, as well as the rights to the Rave brand and marketing rights worldwide. Unilever has retained the rights to the Alberto VO5 brand outside the United States and Puerto Rico. 


GREENWICH, Conn. — Brynwood Partners VI L.P. has announced that High Ridge Brands, its portfolio company and owner of the North American Zest personal cleansing franchise, has signed a purchase agreement with Unilever to acquire the Alberto VO5 brand and marketing rights in the United States and Puerto Rico; as well as the rights to the Rave brand and marketing rights worldwide.

Unilever has retained the rights to the Alberto VO5 brand outside the United States and Puerto Rico.

PHILADELPHIA and BLOOMFIELD, Conn. — Global health services company Cigna has hired former Alberto Culver executive Ralph Nicoletti to serve as EVP and CFO, effective June 20.

Nicoletti assumes executive leadership responsibility for all of Cigna's financial operations and functions, as well as for Cigna's investment management and strategic planning units. He will be based in Bloomfield, Conn.

MELROSE PARK, Ill. — Alberto Culver, whose beauty brands include TreSemme, Alberto VO5, Nexxus, St. Ives, Simple and Noxzema, has announced that Unilever and the U.S. Department of Justice have reached an agreement that will enable Unilever to complete its proposed acquisition of Alberto Culver.

LONDON and ROTTERDAM, Netherlands — Unilever has confirmed that Alberto-Culver shareholders have approved the proposed $3.7 billion Unilever acquisition, which was announced in September.

Separately, Unilever confirmed that it has received a second request for information from the United States Department of Justice in the regulatory review process. Unilever noted that it will continue to work with the DOJ in connection with its review.

ROTTERDAM, Netherlands —In a move that wasn’t exactly a surprise to many industry observers, Unilever announced plans to acquire Alberto-Culver for $3.7 billion in cash, a deal that significantly will boost Unilever’s hair care portfolio.