11.02.11
Sally Beauty Holdings, Inc. has acquired Kappersservice Floral B.V. and two related companies, Hair Zone B.V. and Exphair B.V., collectively known as the Floral Group. The acquisition is consistent with Sally Beauty Holdings’ international growth strategy and significantly increases the Company’s presence in Europe, the company said in a statement released today.
“The acquisition of Floral Group is another important step in expanding our international footprint,” said 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. Total revenues for Floral Group were approximately 22 million Euros for the last 12 months, according to Sally Beauty.
“The acquisition of Floral Group is another important step in expanding our international footprint,” said 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. Total revenues for Floral Group were approximately 22 million Euros for the last 12 months, according to Sally Beauty.