By  on March 6, 2017
CeraVe products.

PARIS — L’Oréal has finalized the acquisition of skin-care brands CeraVe, AcneFree and Ambi from Valeant Pharmaceuticals International Inc., the French beauty giant said on Monday.

In a move to bolster its U.S. business in the dynamic active cosmetics segment, L’Oréal announced in January that it had signed a definitive agreement with Valeant to purchase the trio of brands for $1.3 billion in cash.

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