Procter & Gamble acquires NIOXIN
Women's Wear Daily - 09/04/2008
by Julie Naughton with contributions from Andrea Nagel
Procter & Gamble Co. said Wednesday that it has acquired Atlanta-BASED Nioxin Research Laboratories Inc.
Nioxin, which focuses on the scalp care and thinning hair segments of the professional hair care business, is distributed in more than 85,000 U.S. salons and in more than 40 countries. Terms of the deal, which has been completed, were not disclosed.
"Procter & Gamble will continue and accelerate the growth of Nioxin," said Eva Graham, who founded the company in 1987 with the idea of providing comprehensive skin care for the scalp in an effort to address thinning hair.
Michel Dyens & Co. acted as exclusive financial adviser to Nioxin in this transaction.