Announced
Completed
Financials
Tags
Acquisition
Single Bidder
Private
United States
Cosmetics
Cross Border
beauty products
Friendly
Majority
Completed
Synopsis
Betterware de Mexico, a direct-to-consumer company, completed the acquisition of JAFRA Mexico and the US operations from Vorwerk group, a diversified corporate group, for $155m. "We are very pleased to complete the acquisition of JAFRA's operations in Mexico and the United States. This acquisition increases our categories served to include beauty and personal care products, accelerates our entry into new geographies and leverages our infrastructure to elevate JAFRA's distribution model. We are delighted to welcome all JAFRA employees, leaders and consultants to our company and are excited to begin this next chapter of growth more powerfully positioned. Overall, we remain confident in our ability to deliver long term profitable growth and increase value for all Betterware stakeholders," Luis G. Campos, Betterware Chairman.
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