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Personal care deal closes for $190 million.
January 23, 2013
By: TOM BRANNA
Editor
Hong Kong-based sourcing and logistics group Li & Fung Ltd. purchased personal care company Lornamead Acquisitions Ltd. for approximately $190 million, according to reports.The company, a staple on Happi’s International Top 30,owns brands such as Finesse, Aqua Net, Yardley and LypSyl. According to reports, Li & Fung said the deal is expected to strengthen its growing beauty and health products business. The deal excludes cash on Lornamead’s balance sheet and the Yardley b...
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