FRANKFURT, June 2 German glues and detergents
maker Henkel said it agreed to buy three U.S. hair
care companies from investment group TSG Consumer Partners for
about 270 million euros ($370 million) in cash.
Henkel said the SexyHair, Alterna and Kenra brands, whose
products are mainly sold by hairdressers, generated sales of
about 140 million euros last year.
"The acquisition will position Henkel as one of the leading
companies in the world's single biggest hair professional
market," Henkel said in a statement.
($1 = 0.7328 Euros)
(Reporting by Ludwig Burger; editing by Jane Baird)