Divine Skin to buy Mexican distributor

Divine Skin, an American company offering cutting-edge biotechnology for hair and skin has signed a letter of intent to acquire Mexico-based Divine Skin Laboratories SA de CV, a distributor of Divine Skin products.

Divine Skin will acquire 100% of the Mexican distributor in stock which in 2011 had represented 10% of the Divine Skin’s revenue, the firm said.
The company said that the deal will boost its current revenue and be an asset to Divine Skin’s human resources.

Divine Skin Laboratories CEO Fernando Tamez said that active involvement with the company’s development will help double revenues every year for the next few years.

"Mexico is a huge market for these advanced products. Divine Skin offers formulas unlike anything else we have in Mexico, and I am looking forward to continuing to expand this business," added Tamez.

The firm said that the agreement is scheduled to close in the second quarter of 2012 and terms of the deal will be made public once it is complete.

Divine Skin, offers products in the categories of hair health, hair care, skin care, personal care and anti-aging; and markets globally through online and specialty retailers, cosmetics wholesalers, salons, and medical offices.

Divine Skin’s flagship brand DS Laboratories offers high-performance topical solutions which help restore growth and radiance to hair, suppress dandruff and unwanted hair, control acne, improve hygiene and reduce cellulite and wrinkles.