Olive & June To Be Acquired by Helen of Troy

Helen of Troy, the US-based consumer goods company, announced its acquisition of nail care brand Olive & June today for $240 million.

The price includes $225 million in cash and a $15 million earnout subject to the brand’s performance over three years, according to the announcement release. Helen of Troy CEO Noel M. Geoffroy highlighted Olive & June’s rapid growth and attractive margins.

Founder and CEO Sarah Gibson Tuttle will stay on and continue to operate the brand “in a stand-alone…