06.02.16
Johnson & Johnson Consumer Inc. has entered into a definitive agreement to acquire Vogue International, the privately held salon-influenced and nature-inspired hair and personal care products maker, for approximately $3.3 billion in cash. The deal will include the OGX collection of shampoos, conditioners, treatments, styling products, body care and bath products, the FX line of hair styling products, and the Proganix and Maui Moisture hair care lines.
"Our acquisition of Vogue International's full line of leading advanced hair care products sold in the US and in 38 countries will strengthen our global presence in this important category. Vogue International's commitment to quality, innovation, and consumer preference complement our Consumer portfolio, while also presenting attractive hair care category growth opportunities for Johnson & Johnson," said Jorge Mesquita, worldwide chairman, Consumer, Johnson & Johnson.
“This is an exciting and important new chapter in the growth and development of Vogue. Our commitment to quality and innovation will be magnified by Johnson & Johnson Consumer’s array of marketing, R&D and support resources on a global basis," said Vogue founder and CEO Todd Christopher. "Many thanks to Sandra Horbach and her team at Carlyle for being true partners as we took Vogue to new levels of innovation and market penetration and created a world-class management team.”
Carlyle Group acquired a 49% stake in the hair care company in 2014.
Sandra Horbach, Carlyle managing director and head of the consumer and retail team, added “It has been a privilege to partner with Todd and to support his efforts to develop and launch innovative products, strengthen and grow the organization, advance sustainability practices, and reach new customers all around the world with the OGX brand. Johnson & Johnson Consumer Inc. will be a great new home for Vogue.”
Founded in 1987 by Christopher, Vogue's products are distributed exclusively to the world’s largest retailers throughout the US.
The closing, which is subject to antitrust clearance and other customary closing conditions, is expected in the third quarter of 2016.
"Our acquisition of Vogue International's full line of leading advanced hair care products sold in the US and in 38 countries will strengthen our global presence in this important category. Vogue International's commitment to quality, innovation, and consumer preference complement our Consumer portfolio, while also presenting attractive hair care category growth opportunities for Johnson & Johnson," said Jorge Mesquita, worldwide chairman, Consumer, Johnson & Johnson.
“This is an exciting and important new chapter in the growth and development of Vogue. Our commitment to quality and innovation will be magnified by Johnson & Johnson Consumer’s array of marketing, R&D and support resources on a global basis," said Vogue founder and CEO Todd Christopher. "Many thanks to Sandra Horbach and her team at Carlyle for being true partners as we took Vogue to new levels of innovation and market penetration and created a world-class management team.”
Carlyle Group acquired a 49% stake in the hair care company in 2014.
Sandra Horbach, Carlyle managing director and head of the consumer and retail team, added “It has been a privilege to partner with Todd and to support his efforts to develop and launch innovative products, strengthen and grow the organization, advance sustainability practices, and reach new customers all around the world with the OGX brand. Johnson & Johnson Consumer Inc. will be a great new home for Vogue.”
Founded in 1987 by Christopher, Vogue's products are distributed exclusively to the world’s largest retailers throughout the US.
The closing, which is subject to antitrust clearance and other customary closing conditions, is expected in the third quarter of 2016.