Unilever and the Alberto Culver Company today jointly confirmed that, further to the announcement on May 6, they have obtained the necessary regulatory clearances, and Unilever has acquired the Alberto Culver Company.
Unilever is paying $3.7 billion in cash for the Alberto Culver Company, which generated annual sales in excess of €1.2 billion (US$1.6 billion) in fiscal year 2010. With the acquisition, Unilever becomes the world’s leading company in hair conditioning, the second largest in shampoo and the third largest in styling.
Alberto Culver Company manufactures, distributes and markets leading beauty care and other personal care brands including TRESemmé, Alberto VO5, Nexxus, St. Ives, Simple and Noxzema in the United States and internationally. It is also the second largest producer in the U.S. of products for the ethnic hair care market with leading brands including Motions and Soft & Beautiful.