Shiseido Co., Ltd. Acquires Joico

Shiseido Co., Ltd. recently announced that it will acquire Joico Laboratories, Inc. through a U.S. subsidiary, subject to customary closing conditions. The acquisition is expected to enhance Shiseido’s professional business in the U.S. Joico is Shiseido’s fourth U.S. Acquisition in the salon sector.

In 1988, Shiseido purchased Zotos International. In 1996, the company acquired Helene Curtis’ North American Professional Division. In July 1998, Shiseido acquired the professional salon products division of the Lamaur Corporation.