Scott’s Liquid Gold acquires Prell, Denorex and Zincon brands from Ultimark Products

Scott’s Liquid Gold (SLGD) has acquired Prell, Denorex and Zincon brands of hair and scalp care products from Ultimark Products.

The purchase price of the brands is around $9.1m, which is subject to adjustment.

SLGD chairman president and CEO Mark Goldstein said: "We are excited about our acquisition of these brands. Prell, Denorex and Zincon products will be great additions to our existing health and beauty care portfolio of products.

"This investment represents an important strategic opportunity that will benefit our shareholders, consumers, customers, and employees."

In association with the deal, SLGD ended its revolving credit facility with Summit Financial Resources, and entered a credit agreement with JPMorgan Chase Bank, which will offer a term loan of $2.4m and a revolving credit facility of $4m. This will be used to fund a part of the Ultimark deal and to meet its general corporate purposes and working capital.

Based in Denver, Colorado, SLGD’s sells Alpha skin care products and Neoteric Diabetic healing cream.

It is also the sole distributor in the US of Montagne Jeunesse/7th Heaven face masque and skin care sachets and the distributor in the specialty retailer channel in the US of Batiste dry shampoo.