FRANKFURT: German glues and detergents maker Henkel said it agreed to buy three US hair care companies from investment group TSG Consumer Partners for about 270 million euros ($370 million) in cash.
Henkel said the SexyHair, Alterna and Kenra brands, whose products are mainly sold by hairdressers, generated sales of about 140 million euros last year.
'The acquisition will position Henkel as one of the leading companies in the world's single biggest hair professional market,' Henkel said in a statement.
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