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DLI Holding opts to be merged with & into Coty
08 Dec '07
2 min read
Coty Inc a leading global beauty and the world's largest fragrance company, and Del Laboratories Inc a leading developer, manufacturer, and marketer of cosmetics and over the counter pharmaceuticals, announced that Coty has entered into an agreement to acquire DLI Holding Corp and its subsidiaries.
DLI Holding Corp is the parent company of Del Laboratories Inc. Under the terms of the agreement, all operations of DLI Holding Corp will be merged with and into Coty.
The acquisition further enhances Coty Beauty's flourishing fragrance, color and skincare portfolio, through the addition of leading brands, such as Sally Hansen, N.Y.C. New York Color, La Cross, Orajel and Dermarest. Furthermore, the acquisition also brings Coty closer to its quest of becoming a $5 billion beauty company.
"We view the acquisition of DLI Holding Corp. as a natural extension of our strategy to offer a unique portfolio of brands that produce some of the strongest consumer franchises around the world," said Bernd Beetz, CEO, Coty Inc.
"Del's established, well-regarded portfolio of quality products mesh well with our core offerings, and their strong presence in North America complements Coty Beauty and Coty's international strength."
Charles J. Hinkaty, President and CEO of Del Laboratories Inc said, "As our exceptional management team has guided Del through a sustained period of organic growth, cost reduction, supply chain enhancement and international expansion, we sought an ownership structure that would enable us to continue to build upon the organization's many growth opportunities."
DLI Holding Corp is the parent company of Del Laboratories Inc. Under the terms of the agreement, all operations of DLI Holding Corp will be merged with and into Coty.
The acquisition further enhances Coty Beauty's flourishing fragrance, color and skincare portfolio, through the addition of leading brands, such as Sally Hansen, N.Y.C. New York Color, La Cross, Orajel and Dermarest. Furthermore, the acquisition also brings Coty closer to its quest of becoming a $5 billion beauty company.
"We view the acquisition of DLI Holding Corp. as a natural extension of our strategy to offer a unique portfolio of brands that produce some of the strongest consumer franchises around the world," said Bernd Beetz, CEO, Coty Inc.
"Del's established, well-regarded portfolio of quality products mesh well with our core offerings, and their strong presence in North America complements Coty Beauty and Coty's international strength."
Charles J. Hinkaty, President and CEO of Del Laboratories Inc said, "As our exceptional management team has guided Del through a sustained period of organic growth, cost reduction, supply chain enhancement and international expansion, we sought an ownership structure that would enable us to continue to build upon the organization's many growth opportunities."
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