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RCJP Acquistion, Inc. purchases $23 Million Hair Care Company
April 1, 2009
By: TOM BRANNA
Editor
Procter & Gamble Company has sold its Johnson Products Company unit, one of the world’s most recognized market leaders in African-American hair care products, to RCJP Acquisition, Inc., a newly formed independent entity comprised of Los Angeles-based private equity firms Rustic Canyon/Fontis Partners, LP and St. Cloud Capital LLC, along with an African-American management team of industry veterans. Terms of the transaction were not disclosed. The company will operate as Johnson Products ...
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