Germany's Henkel nears deal for hair care brand Olaplex, Bloomberg News reports (updated)
26/03/2026 03:19
Adds Olaplex premarket price, background on Henkel deal making FRANKFURT, March 25 (Reuters) - Germany's Henkel HNKG.DE said on Thursday it agreed to buy Nasdaq-listed Olaplex OLPX.O in a $1.4 billion deal to strengthen its premium hair care business. Henkel will offer $2.06 per share in cash for an equity value of $1.4 billion, a premium of about 55% over Wednesday's closing price and about 45% over a 30-day average Olaplex reported $423 million in 2025 sales, and Henkel said it delivered a strong gross margin According to Olaplex, private equity group Advent agreed to fully sell its stake, which is about 75%, according to Olaplex's annual report Olaplex's "focus on consistent quality and meaningful relationships within the professional community has resonated strongly with stylists and consumers alike," said Henkel Olaplex shares surged 50.2% to $2 in premarket trading while Henkel shares were little changed at 0939 GMT Family-controlled Henkel, a maker of industrial glues as well as consumer brands Persil and Schwarzkopf, is valued at about 28.5 billion euros ($33 billion), according to LSEG data The transaction is the latest in a deal spree as Henkel last month agreed to acquire coatings maker Stahl for 2.1 billion euros after smaller deals to buy the “Not Your Mother’s” hair care brand and ATP Adhesive Systems ($1 = 0.8652 euros) (Reporting by Ludwig Burger in Frankfur, Preetika Parashuraman in Bengaluru; Additional reporting by Anusha Shah; Editing by Subhranshu Sahu, Louise Heavens and Joe Bavier) ((Preetika.Parashuraman@thomsonreuters.com;))