The transaction includes a portfolio of leading brands Pravana and Tec Italy. In the fiscal year 2016, the business generated sales of more than €100 million.
The parties agreed to not disclose any financial details of the transaction.
Through the acquisition Henkel will further strengthen its hair professional business and expand its footprint in both the emerging and mature markets.
“This acquisition is part of our strategy to strengthen our position in attractive markets and categories. We will expand our Hair Professional business in Mexico and further leverage our brand portfolio in the US hair professional market,” said Henkel CEO Hans Van Bylen.
“The high-performance and high-quality brands of Nattura Laboratorios are a perfect fit for our beauty care business. They will complete our hair professional colorants core category and will reinforce Henkel’s global No. 3 position in this business. Moreover, this transaction will provide a platform for further growth in the attractive Latin American market”, said Pascal Houdayer, executive vice president and responsible for Henkel’s Beauty Care business.
The acquisition is subject to customary closing conditions, including regulatory approvals.