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$125 million cash deal with Cerberus and Avon Worldwide.
April 25, 2019
By: Christine Esposito
Editor-in-Chief
LG Household & Health Care, Ltd. has entered into a definitive agreement with an affiliate of Cerberus Capital Management, L.P. and Avon Products, Inc. to acquire New Avon, LLC (Avon North America) for $125 million in cash. LG H&H will acquire the entirety of Cerberus' majority interest and Avon Worldwide's minority interest in Avon North America. LG H&H is Korea's leading consumer goods company, with strong market positions in all major categories including ...
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