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$300 million deal will strengthen Australasia business.
November 30, 2011
By: TOM BRANNA
Editor
In a move to expand its sales in Australia, New Zealand and Asia, Japan’s Pola Orbis Holdings will purchase Jurlique International Pty. Ltd for about 300 million Australian dollars, which is nearly $300 million at current exchange. “Pola anticipates significant synergies to be generated from utilizing Pola’s research and development capabilities, as well as marketing knowledge, together with Jurlique’s premium natural organic brand concept and its natural ingredients product lineup,” the Japanese company said Wednesday.
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