L'Oreal Buys Everyone says Letterman?

No, Letterman didn't really say that but they are getting close to taking over completely.  L'Oreal announced today a new acquisition.  One of the last competing large distributors sold out to the beauty giant.  Here is the press release from their website.

L'Or�al USA acquires C.B. Sullivan extending its coverage of American hair salons

L'Or�al USA, a subsidiary of L'Or�al, has acquired, through its SalonCentric division, 100% of the capital of C.B. Sullivan, a New Hampshire-based company.

C.B. Sullivan supplies hair salons in 6 states across the North East of the United States (Vermont, New Hampshire, Maine, Connecticut, Rhode Island and Massachusetts) with a network of representatives and outlets open only to professionals. The company�s net sales for the fiscal year 2009 were approximately $50 million.

With this acquisition, the SalonCentric division of L'Or�al USA is extending its distribution network, demonstrating the constant determination of the Professional Products Division to offer a better service to U.S. hair salons.

This acquisition is consolidated as of June 1, 2010.