Sally Beauty Holdings, Inc. acquires Kappersservice Floral

DENTON, Texas - November 2, 2011--Sally Beauty Holdings, Inc. (NYSE: SBH)  (the “Company”) is pleased to announce the acquisition, by its subsidiary Salon Success B.V.,  of Kappersservice Floral B.V. and two related companies, Hair Zone B.V. and Exphair B.V. (the “Floral Group”).  The acquisition of Floral Group is consistent with Sally Beauty Holdings’ international growth strategy and significantly increases the Company’s presence in Europe.
“The acquisition of Floral Group is another important step in expanding our international footprint,” said Gary Winterhalter, CEO of Sally Beauty Holdings. “We believe Floral Group is an exceptional addition to our business.  It is the largest professional beauty supply group in the Netherlands and brings us an outstanding format to broaden our reach in serving both the professional and retail customers in Europe.  This acquisition is highly complimentary with our existing Belgium based Pro Duo business.”
The Floral Group is headquartered in Eindhoven, Netherlands and had its start over 60 years ago.  The companies operate three concepts in the beauty industry and serve the professional and retail consumer through 19 stores and 33 direct sales consultants.   Total revenues for Floral Group were approximately 22 million Euros for the last 12 months.  
The acquisition is expected to be neutral, post integration costs, to Sally Beauty Holdings’ earnings per share in fiscal 2012.