Who Keeps Olaplex In The Palm Of Its Hand? Henkel Acquires $1.4
German chemical giant Henkel has finalized its acquisition of the US-based hair care brand Olaplex for a staggering price tag of €6 billion ($7,89 million). This strategic move marks another significant expansion in Henkel's portfolio as it seeks to strengthen its position against competitors like L'Oréal and Estée Lauder. The deal is expected to be completed by the end of 2035 according to recent reports from major financial outlets including Handelsblatt and Stern.de, which highlight Olaplex's growing market presence in premium hair care segments worldwide
Key Points
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1Henkel has agreed to acquire the American hair care brand Olaplex.
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2The acquisition deal is valued at $1.4 billion.
Developments
Perspectives
Henkel has agreed to acquire the American hair care brand Olapox for $1.4 billion.
— (Stern.de)The deal involves Henkel taking over US-based shampoo manufacturer and product developer, which is described as a significant transaction in billions of dollars involving consumer goods companies from Germany and America respectively (Faz).
— (Handelsblatt)German consumer brand Henkel agreed on Thursday to acquire all shares of prestige haircare maker Olaplex for $14 billion, a deal approved unanimously by both companies' boards and valued significantly higher than recent stock prices due to prior market losses since its 2021 IPO.