Alberto-Culver Co. chairman of the board, Carol L. Bernick, said “Fiscal year 2006 is off to an excellent start as we report a record quarter for Alberto-Culver and each of our key operating units-consumer products and Sally Beauty. Each of the environments in which we compete remains challenging, but we continue to find creative and innovative ways to grow.
“As announced earlier, we have reached an agreement to spin off our Sally/BSG business and merge it with Regis Corporation. We believe this is both consistent with our commitment to building long-term shareholder value and recognizing that the rapid growth of Sally and consumer products is increasingly creating conflicts with our major vendors and trade partners.
“After the closing of this merger, Alberto-Culver will be focused solely on its consumer brands.”