Unilever Announced Plans to Acquire Alberto Culver

Posted: September 27, 2010

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Alberto Culver has operations in nine countries, including the United States, Canada, Argentina, Mexico, the UK, South Africa and Australasia. It has six manufacturing facilities and employs around 2,700 people. Alberto Culver generated sales approaching US $1.6 billion for the year ending June 30, 2010.

The acquisition is subject to regulatory approval, approval of the Alberto Culver shareholders and other customary closing conditions. Neither company commented on the effect that this acquisition will have on Alberto Culver's corporate management and R&D teams.