12 Spray July 2013 Mergers & Acquisitions Coty Inc. will acquire StarAsia, a distributor of beauty products in the markets of Southeast Asia (Cambodia, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Vietnam) from its current parent, Isibane Pte. Ltd. The transaction is expected to close this month. A purchase price was not disclosed. Additionally, Coty plans to form a joint venture in Brazil with Frajo Internacional, a leading Brazilian cosmetics distributor. The new venture will distribute and market Coty mass/masstige brands in the retail channel. Sally Beauty Holdings, Inc. announced the purchase of certain assets of Essential Salon Products, Inc. by its subsidiary Beauty Systems Group, LLC (BSG). This transaction is expected to benefit the breadth of BSG’s professional beauty product offerings in the northeast region of the U.S. for BSG’s store network and full-service. Croda International Plc. announced that it has completed the acquisition of the Specialty Products business of Arizona Chemical of Jacksonville, FL. Croda will immediately commence the transition of Arizona Chemical products into its portfolio, including the transfer of production to an existing Croda manufacturing site in Europe. International Flavors & Fragrances announced its intention to close its fragrances ingredients manufacturing facility in Augusta, GA by July 2014 and to consolidate production into existing IFF ingredients facilities. Natura Cosméticos S.A.—Brazilian manufacturer and direct seller of cosmetics, toiletries and fragrances—and Aesop, the Australia-based personal care company, announced that they have entered into a definitive agreement, under which Natura will acquire a 65% stake in Aesop for approximately AUD $68 million ($64.7 million) in cash, which includes the anticipated acquisition of Aesop’s distributors. Upon closing, Natura and Aesop will continue to operate independently, but both organizations will be committed to sharing competencies and regional expertise that potentially could lead to Aesop entering the Brazilian market and Natura exploring the concept of signature stores in select markets.
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