M&A activity set to rise in US professional market
US professional care market is “ripe for acquisitions\" according to Kline’s latest Cosmetics and Toiletries USA report
The US professional care market is “ripe for acquisitions”, according to market researcher Kline’s latest Cosmetics and Toiletries USA report. Kline’s industry analysis also found that smaller companies are a key contributor to M&A activity and stated: “Smaller companies are increasingly attractive acquisition prospects [for] larger, cashed-up and savvy players.”
The market as a whole is continuing to perform well, according to Kline, with growth in 2012 at 3.4%, with “smaller companies making strong headway and highly viable impressions”./p>
Among the companies Kline listed as potentially of interest to larger players were New York based Anthony Brands, which it says has high potential based on a solid presence in the male grooming market; Dermalogica, which has high potential based on its domestic position in spas and hair salons, as well as global reach; Vogue International, which distributes hair care and other personal care products in over 40 countries and which Kline believes has high potential based on its prolific R&D and its recognised name; and Yes To, originally an Israeli firm but now US based, which has shown rapid growth in recent years./p>
