Henkel to acquire DevaCurl from Ares Management.

Henkel, which manufactures industrial, commercial, and consumer chemical products, agreed to acquire DevaCurl, a premium professional haircare brand, from Ares Management. Financial terms were not disclosed. "This acquisition is part of our strategy to expand our position in attractive and fast-growing markets and categories. It will complement and further strengthen our Professional Hair business," Hans Van Bylen, Henkel CEO.