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The transaction gives the Spanish beauty group full ownership of the brand and strengthens its position in dermatology-linked skin care.
September 15, 2026
By: Lianna Albrizio
Puig Brands has agreed to buy Esteve’s 50% stake in ISDIN in a $1.41 billion deal, according to reports.
The Happi International Top 30 Company said in a filing that it will pay about $1 billion for the 50% stake when the deal closes, with the remaining $345 million deferred to the first quarter of 2029.
Closing is expected by the end of the first quarter of 2027, pending regulatory approvals.
Read more about the Happi International Top 30 Company here.
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