By  on November 16, 2007

PARIS — L'Oréal has inked a deal to acquire Turkish hair care company Canan, the French beauty giant announced Thursday.

Istanbul-based Canan ranks fourth among mass market hair care brands in Turkey, generating sales of 26 million euros, or $32.6 million at average exchange, last year, mostly through its Ipek hair care brand, according to L'Oréal.

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