Unilever in 2.27b euro deal for Korean cosmetics maker
Consumer-goods giant will buy Carver Korea from shareholders including Goldman Sachs, Bain Capital
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London
UNILEVER agreed to buy a South Korean cosmetics maker for 2.27 billion euros (S$3.6 billion) to gain a stronger foothold in the world's fourth-largest skincare market.
Unilever will buy Carver Korea, maker of AHC skincare products, from shareholders including Goldman Sachs Group Inc and Bain Capital Private Equity, the London- and Amsterdam-based company said in a statement on Monday. Carver had sales of 321 million euros last year.
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