The Procter & Gamble Company ((P&G) announced the closing of an agreement to purchase Nioxin Research Laboratories, Inc. A leader in the scalp care professional hair care segment, Nioxin offers a range of innovative products that focus on the scalp to improve the appearance of thinning hair. The company's product line is distributed through salons and salon stores in more than 40 countries.

"P&G knows what it's doing when it acquires, and always has clear plans for any small business it buy. Hair loss is a massive issue for consumers, worldwide, for men and women alike—it always comes out top in research in terms of consumers' worries. So it will be interesting to see what P&G does with Nioxin, and how it may fit with their own research into premature hair loss. It could end up being another good example of professional technology having spin-offs into retail." said Colin Hession, managing director of specialist HBA consultants, Colin Hession Consulting.
 
The acquisition is in line with P&G Beauty's strategy of focusing on faster growing, higher margin and more asset-efficient businesses, says the company. Current Nioxin chief executive officer Brian Graham will continue to lead the business.