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Distributor deal set for $61 million.
October 5, 2009
By: TOM BRANNA
Editor
Sally Beauty Holdings Inc.’s subsidiary Beauty Systems Group LLC has acquired privately held beauty products distributor Schoeneman Beauty Supply Inc for about $61 million in cash, According to reports, the transaction was to enhance Sally Beauty’s presence in the U.S. Northeast region. Schoeneman’s full-year 2009 revenue is expected to be in the range of $86 million to $89 million. It owns 43 beauty supply stores and is headquartered in Pottsville, PA....
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