Sally Beauty acquires La Maison Ami-Co in Quebec (NYSE:SBH)

Sally Beauty (SBH -2.7%) announces the acquisition of La Maison Ami-Co Inc., a professional beauty products distributor in the Canadian province of Quebec, by its subsidiary Beauty Systems Group (‘BSG’). The transaction includes the acquisition of 10 La Maison Ami-Co stores.

This acquisition allows BSG to further expand its operations throughout Quebec and increase BSG’s professional beauty product offerings in its existing Chalut store network and full-service business.

“This acquisition is consistent with our strategy to gain additional exclusive distribution rights of professional hair color and care brands and should further strengthen BSG’s position in Canada while adding synergies between the Chalut and La Maison Ami-Co operations,” commented Mark Spinks, President of Beauty Systems Group.

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