THE WHAT? Sally Beauty has announced the acquisition of Canadian professional beauty product distributor, La Maison Ami-Co via its subsidiary BSG.
THE DETAILS The transaction covers the purchase of 10 La Maison Ami-Co stores, 17 direct sales consultants and exclusive distribution rights in Quebec to professional hair care brands including Wella, Goldwell and Oribe.
“We are excited about the addition of La Maison Ami-Co’s stores, direct sales consultants and talented employees to the BSG business in Quebec,” said Mark Spinks, President of Beauty Systems Group. “This acquisition is consistent with our strategy to gain additional exclusive distribution rights of professional hair color and care brands and should further strengthen BSG’s position in Canada while adding synergies between the Chalut and La Maison Ami-Co operations.”
THE WHY? The acquisition will allow BSG to further expand its operations throughout Quebec and will increase BSG’s professional beauty product offerings in its existing Chalut store network and full-service business, acquired in 2017.