Vogue International and The Carlyle Group said they’ve reached an agreement to sell the salon hair-care and personal-care company to Johnson & Johnson Consumer Inc. for $3.3 billion.
The firm is based in Clearwater, Fla. Its primary brand is OGX. The transaction is expected to close in the third quarter.
Vogue International was founded by Todd Christopher in 1987. The company also owns the Maui Moisture beauty line and the Proganix salon-inspired hair-care line.
Christopher said, “Our commitment to quality and innovation will be magnified by Johnson & Johnson Consumer’s array of marketing, R&D and support resources on a global basis.” He also thanked Carlyle managing director and head of the consumer and retail team Sandra Horbach for helping to grow the company on the innovation front and assisting in putting together the beauty firm’s management team.
Carlyle invested in Vogue in 2014 through Carlyle Partners VI, a $13 billion buyout fund.