FRANKFURT, March 25 (Reuters) – Germany’s Henkel said on Thursday it agreed to buy Nasdaq-listed Olaplex in a $1.4 billion deal to strengthen its premium hair care business.
Here are some details:
* Henkel will offer $2.06 per share in a cash for anequity value of $1.4 billion, a premium of about 55% overWednesday’s closing price and about 45% over a 30-day average * Olaplex reported $423 million in 2025 sales, and Henkelsaid it delivered a strong gross margin * According to Olaplex, private equity group AdventInternational agreed to fully sell its stake, which is about75%, according to Olaplex’ annual report * Olaplex’s “focus on consistent quality and meaningfulrelationships within the professional community has resonatedstrongly with stylists and consumers alike,” said Henkel * Frankfurt-listed Henkel is valued at about 28.46 billioneuros ($32.89 billion), according to LSEG data ($1 = 0.8652 euros)
(Reporting by Ludwig Burger in Frankfur, Preetika Parashuraman in Bengaluru; Additional reporting by Anusha Shah; Editing by Subhranshu Sahu and Louise Heavens)
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