Natural and organic food company Hain Celestial Group has announced the acquisition of the business and assets of personal care brand Para Laboratories for an undisclosed amount.
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The deal includes the purchase of Para Labs’ Queen Helene, Batherapy and Footherapy brands. Para Labs sells skin, hair and body care products through drug stores, supermarkets and mass retailers.
Hain Celestial Group president and CEO Irwin Simon said: “I am excited about the great brands Para Labs adds to our growing portfolio of personal care products. The acquisition of these brands brings us closer to our objective to build a US$100m personal care business through internal growth and acquisitions, as this is our third acquisition in the personal care products category since June 2004.”
Para Labs’ sales totalled approximately US$20m during the 2005 financial year.
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