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Will spend $3.7 billion for A-C.
September 27, 2010
By: TOM BRANNA
Editor
Unilever today announced that it has entered into a definitive agreement to acquire the US-based Alberto Culver Company for $3.7 billion in cash. Alberto Culver generated sales approaching $1.6 billion and EBITDA of over US$250 million for the 12-month period ending June 30 2010. Paul Polman, CEO of Unilever said: “We are delighted to be acquiring Alberto Culver. Their people have done an excellent job of building an impressive range of brands such as Tresemmé, VO5, Nexxus, St. Ives an...
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