By Sabela Ojea ACQUIRER: Revolution Beauty Group PLC, a worldwide mass magnificence and personal-care firm. TARGET: Medichem Manufacturing Ltd., a provider of haircare and skincare merchandise to Revolution Beauty.
PRICE: The consideration due of 23.0 million kilos ($31.7 million) will likely be payable in installments, with GBP7.0 million payable in money on completion from Revolution Beauty’s money assets, and the stability payable in annual GBP4.0 million installments over 4 years. STATUS: To be accomplished. RATIONALE: The acquisition will allow Revolution Beauty to improve margins, enhance management of its provide chain and enhance productiveness, it stated. It expects the deal to be considerably earnings enhancing for the monetary yr ending Feb. 28, 2023, it stated. The board of Revolution Beauty expects Medichem to contribute round GBP3.0 million of incremental pretax earnings for fiscal 2023. Write to Sabela Ojea at [email protected]; @sabelaojeaguix