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$360 million for cosmetics. Corporate sales: $460 million (estimated).
This is the last year that Del Labs will appear in The Top 50. On Dec. 7, Coty acquired Del from Kelso & Company LP for an undisclosed amount. At the time of the acquisition, Bernd Beetz, Coty’s chief executive officer, explained that the acquisition is a natural extension of Coty’s strategy to offer a unique portfolio of brands that produce some of the strongest consumer franchises around the world.
“Del’s established, well regarded portfolio of quality products meshes well with our core offerings, and their strong presence in North America complements Coty Beauty and Coty’s international strength,” he added.
Most recently, in April, Coty sold the Del Pharmaceuticals business to Church & Dwight for $380 million in cash. The transaction is expected to close this month. The Del unit had sales of $100 million last year.
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