Announced
Financials
Sources
Tags
Cosmetics
Friendly
Pending
Private
United States
Single Bidder
skincare
Acquisition
Majority
Cross Border
Synopsis
L'Oréal, a French personal care company, agreed to acquire Thayers Natural Remedies, a US-based natural skincare brand, from Henry Thayer, a manufacturer of natural remedies. Financial terms were not disclosed. The closing is subject to the standard regulatory approvals and other customary conditions. “With a more than 170 year heritage, Thayers Natural Remedies is a beloved American brand that has stayed true to its roots as it has evolved its product offerings and forged a strong connection with consumers. Built on a foundation of top-rated skincare products, the brand is more relevant today than ever before. We believe in its growth potential and unique positioning in the mass skincare market,” Stéphane Rinderknech, L’Oréal USA President, CEO and Executive Vice President of North America.
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