Unilever to sell Soft & Beautiful, TCB and Pro-Line Comb-Thru
Unilever Agrees to Sell Soft & Beautiful, TCB and Pro-Line Comb-Thru to Strength of Nature
London & Rotterdam (November 19, 2013) – Unilever today announced that it has signed an agreement for the sale of its Soft & Beautiful, TCB and Pro-Line Comb-Thru brands to Strength of Nature for an undisclosed amount. The sale excludes TCB’s business in Africa.
Kees Kruythoff, president of Unilever North America, said: “Soft & Beautiful, TCB and Pro-Line Comb-Thru are each terrific brands with a long legacy in the ethnic hair care category. These brands are part of one of the fastest growing categories in the personal care sector and we believe their potential can now be more fully realised with Strength of Nature.”
Mario de la Guardia, Strength of Nature CEO, added: “We are extremely pleased to add these great brands to our expanding portfolio. Soft & Beautiful, Soft & Beautiful Botanicals, TCB and Pro-Line Comb-Thru are brands with strong consumer following, high awareness and a long tradition of serving their consumers. We are excited about their potential, and strongly believe they each provide an excellent foundation for expanded innovation and product improvement.”
The transaction is expected to close in early December.
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About Strength of Nature
Strength of Nature is one of the fastest growing companies in the multi-cultural hair care category, driven by its strong commitment to consumer understanding and innovation. Strength of Nature’s Mission is to deliver high quality, innovative products to women and men of color at fair and affordable prices. Strength of Nature markets a number of leading brands including Profectiv MegaGrowth, African Pride, Dream Kids, Beautiful Textures and Elasta QP.
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