Small But Steady M&A Activity Continues

There has been some M&A activity among suppliers to the personal care industry, but not as much as there has been among their customers lately, says Gillian Morris, analyst at Kline & Co. (Little Falls, NJ). Suppliers accounted for less than 10 “key” personal care deals in the last four years, however, they have steadily made many small-size acquisitions, Morris says. Meanwhile, small-size privately held suppliers in the Europe Union (EU) may be more willing to sell their businesses going forward, due to costs associated with the EU’s...

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