big apple: Johnson & Johnson is shopping for hair care products maker trend international for about$three.3 billion.
Privately-held fashion also sells different private care products.
the purchase will supply Johnson & Johnson the OGX collection of shampoos, conditioners, treatments, styling products, frame care and tub products, the FX hair styling product line and the Proganix and Maui Moisture hair care lines.
vogue‘s hair care merchandise are sold within the US and 38 other international locations.
Johnson & Johnson, primarily based in New Brunswick, New Jersey, has manufacturers includingNeutrogena and Band-resource.
The deal is predicted to close within the third sector. Johnson & Johnson stated that the transaction isn’texpected to effect its formerly announced full–year sales and earnings forecasts.
J&J shares rose forty seven cents to $113.25 in morning buying and selling on Thursday. Its stocks are upextra than 13 in step with cent over the past 12 months.