Coty Acquires Del Labs, Inc.

Coty Inc., has acquired DLI Holding Corp. and its subsidiaries. DLI Holding Corp. is the parent company of Del Laboratories, Inc. The acquisition enhances Coty Beauty’s fragrance, color and skin care portfolio, through the addition of leading brands such as Sally Hansen, N.Y.C. New York Color, La Cross, Orajel and Dermarest. Furthermore, according to the company, the acquisition brings Coty closer to its quest of becoming a $5-billion beauty company. Financial terms of the transaction were not disclosed.