MEXICO: Divine Skin Inc. has signed a letter of intent to acquire 100% of Divine Skin Laboratories SA de CV. In 2011, the Mexican company represented nearly 10% of Divine Skin’s revenue; it has been a distributor of Divine Skin product for more than three years.
“I believe this move will not only boost our current revenue but also be a significant asset to Divine Skin’s human resources,” said Divine Skin CEO Daniel Khesin. “We’ve worked with Divine Skin Laboratories SA de CV for many years, and it has proven to be a very strong partner. We value this relationship, and I know that this acquisition will add significant value to both entities.”
The deal was expected to close in the second quarter of 2012.
More info: www.dslaboratories.com