10.26.17
Shiseido Company has entered into a definitive agreement to sell its wholly-owned subsidiary Zotos International Inc. to Henkel. The sale fits with the company’s Vision 2020 strategy in which it is sharpening its focus on key categories and regions in order to optimize its portfolio.
No purchase place was disclosed.
Shiseido purchased Zotos in 1988 from Conair for $345 million.
Based in Darien, CT, Zotos manufactures and markets a full range of award-winning hair care, texture service and hair color options for salons and salon professionals worldwide, with a primary focus in North America and a growing emphasis on the European market. Its portfolio of brands includes Joico, AGEbeautiful, Biotera, Bain de Terre and Senscience. The company’s product innovations and dynamic beauty education have made it a trusted leader in professional haircare for nearly 90 years.
Shiseido said in a statement that it is confident that Zotos will be well-positioned for further growth opportunities as part of Henkel’s global Beauty Care professional portfolio.
“The Professional business has been a cornerstone of Shiseido’s heritage since the company opened its first beauty salon in Japan nearly a century ago, and we remain as committed and focused as ever on cultivating and strengthening this key business in the fast-growing Asian markets, including China and Asia Pacific as well as Japan,” said Masahiko Uotani, president and Group CEO of Shiseido Company, Limited. “Henkel’s offer to acquire Zotos provides a great opportunity for our Professional group to concentrate its focus on its core capabilities in Asia.”
“Shiseido has been an outstanding home for Zotos for almost three decades – as part of Shiseido’s Professional Division, Zotos added even more layers of innovation and artistry to its products and achieved significant milestones, including becoming one of the fastest-growing mid-sized companies in professional beauty,” said Nancy Bernardini, president of Zotos. “By joining Henkel, we will be taking important steps for the future of our business, focusing on strategic geographic markets that are key to our long-term success while continually invigorating our brands as part of Henkel’s highly complementary portfolio. We are excited to embark on this new chapter.”
Annual net sales for Zotos totaled $233 million in the fiscal year ending 2016. The transaction is expected to close in December.
No purchase place was disclosed.
Shiseido purchased Zotos in 1988 from Conair for $345 million.
Based in Darien, CT, Zotos manufactures and markets a full range of award-winning hair care, texture service and hair color options for salons and salon professionals worldwide, with a primary focus in North America and a growing emphasis on the European market. Its portfolio of brands includes Joico, AGEbeautiful, Biotera, Bain de Terre and Senscience. The company’s product innovations and dynamic beauty education have made it a trusted leader in professional haircare for nearly 90 years.
Shiseido said in a statement that it is confident that Zotos will be well-positioned for further growth opportunities as part of Henkel’s global Beauty Care professional portfolio.
“The Professional business has been a cornerstone of Shiseido’s heritage since the company opened its first beauty salon in Japan nearly a century ago, and we remain as committed and focused as ever on cultivating and strengthening this key business in the fast-growing Asian markets, including China and Asia Pacific as well as Japan,” said Masahiko Uotani, president and Group CEO of Shiseido Company, Limited. “Henkel’s offer to acquire Zotos provides a great opportunity for our Professional group to concentrate its focus on its core capabilities in Asia.”
“Shiseido has been an outstanding home for Zotos for almost three decades – as part of Shiseido’s Professional Division, Zotos added even more layers of innovation and artistry to its products and achieved significant milestones, including becoming one of the fastest-growing mid-sized companies in professional beauty,” said Nancy Bernardini, president of Zotos. “By joining Henkel, we will be taking important steps for the future of our business, focusing on strategic geographic markets that are key to our long-term success while continually invigorating our brands as part of Henkel’s highly complementary portfolio. We are excited to embark on this new chapter.”
Annual net sales for Zotos totaled $233 million in the fiscal year ending 2016. The transaction is expected to close in December.