Unilever Completes TIGI Acquisition

In early 2009, Unilever announced that it has signed an agreement to acquire the global TIGI professional hair product business and its supporting advanced education academies for a cash consideration of $411.5 million. The deal is now complete and on time with expectations.

Upon completion of the transaction, TIGI will operate as a stand-alone Global Business Unit within Unilever, reporting to Michael B. Polk, president, Unilever Americas.

TIGI’s major brands include Bed Head, Catwalk and S-Factor. TIGI has operations in the U.S., UK, Italy, Germany and Australia, employs about 550 people and in 2008, had worldwide sales of approximately $250 million, with almost half coming from the United States.