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M&A Deal Summary

L Oreal Acquires Matrix Essentials

On April 18, 2000, L Oreal acquired consumer products company Matrix Essentials from Bristol-Myers Squibb

Acquisition Highlights
  • This is L Oreal’s 4th transaction in the Consumer Products sector.
  • This is L Oreal’s 3rd transaction in the United States.
  • This is L Oreal’s 1st transaction in Ohio.

M&A Deal Summary
Date 2000-04-18
Target Matrix Essentials
Sector Consumer Products
Buyer(s) L Oreal
Sellers(s) Bristol-Myers Squibb
Deal Type Divestiture

Target

Matrix Essentials

Cleveland, Ohio, United States
Matrix Essentials, Inc. is a manufacturer of haircare products for the professional salon industry in North America.

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Buyer(S) 1

Buyer

L Oreal

Clichy, France
Category Company
Founded 1909
Sector Consumer Products
Employees90,000
Revenue 43.5B EUR (2024)
DESCRIPTION

L'Oréal is a global cosmetics company. With a portfolio of dozens of international, diverse, and complementary brands, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, travel retail, and branded retail. L'Oreal was founded in 1909 and is based in Clichy, France.

DEAL STATS #
Overall 4 of 35
Sector: Consumer Products M&A 4 of 27
Type: Divestiture M&A Deals 1 of 10
State: Ohio M&A 1 of 1
Country: United States M&A 3 of 18
Year: 2000 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-18 Kiehl s Since 1851

New York, New York, United States

Kiehl's Since 1851, Inc. manufactures skin body and hair care products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-21 Mininurse

Shenzhen, China

Buy -

Seller(S) 1

SELLER

Bristol-Myers Squibb

Princeton, New Jersey, United States
Category Company
Founded 1887
Sector Life Science
Employees34,100
Revenue 48.3B USD (2024)
DESCRIPTION

Bristol-Myers Squibb is a life science company engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products on a global basis. Bristol-Myers Squibb was incorporated in 1887 and is based in Princeton, New Jersey.

DEAL STATS #
Overall 2 of 13
Sector: Consumer Products M&A 1 of 2
Type: Divestiture M&A Deals 2 of 9
State: Ohio M&A 1 of 1
Country: United States M&A 2 of 8
Year: 2000 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-26 Linvatec

Largo, Florida, United States

Linvatec is a provider of medical surgical device company specializing in the design, manufacture and worldwide distribution of arthroscopy products and powered instruments.

Sell $370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-22 Clairol

Stamford, Connecticut, United States

Clairol, Inc., is a provider of hair care products. Its brands include Clairol, Aussie, Infusium and Herbal Essences as well as Nice 'n Easy, Natural Instincts, Miss Clairol and Hydrience.

Sell $5.0B
Mergr

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