Beauty Store Business magazine - November, 2019

acquisition

J. Strickland & Co. Acquires Nature’s Protein

J. Strickland & Co. of Olive Branch, Mississippi, has bought Nature’s Protein of Milwaukee—maker of DOO GRO products—as of May 1. Terms weren't disclosed.

DOO GRO, which has been a part of the ethnic haircare industry since 1997, consists of more than 20 products—ranging from hair vitalizers and shampoos to a full selection of conditioners. Its products are sold throughout the United States and internationally, including through beauty supplies. DOO GRO products are also available in the food, drug and mass channels.

A.I.I. Grows Nail Category With Nail Tek Acquisition

Courtesy of American International Industries

Manufacturer and worldwide beauty-products distributor American International Industries has acquired Nail Tek (Prima Technologies).

“The exceptional quality of the Nail Tek natural nail-treatment and polish brand complements our current portfolio of nail brands,“ says Zvi Ryzman, A.I.I. president. “We welcome Nail Tek to the A.I.I. family of products, and look forward to continued expansion of its product offerings and distribution.”

CVC Capital Partners Acquires Douglas

CVC Capital Partners announced June 1 that funds advised by CVC have signed an agreement to acquire Douglas--with its 1,700-plus stores in 19 European countries--from a holding jointly held by Advent International and the Kreke family. The purchase price wasn’t disclosed, and the transaction is subject to regulatory approval.
The Kreke family has also agreed with CVC to reinvest in Douglas through a joint-holding company owned by CVC and the Kreke family. Dr. Henning Kreke continues to serve as CEO of Douglas.