Aderans Co., Ltd. said it has entered into an agreement to purchase Hair Club for $163.5 million. As per the terms of the deal, Aderans will buy all of the outstanding common stock of HC (USA), Inc. from Regis Corp. (RGS).
Joshua Schechter, chairman of Aderans America Holdings, Inc., commented, "As a result of this acquisition, we will be able to offer the most comprehensive set of hair replacement and hair restoration services in the North American marketplace and provide consumers with a full array of hair loss solutions through our complementary businesses. We look forward to providing world-class products and service to Hair Club customers and to working with Hair Club franchisees and employees to expand the brand and grow the business."
For comments and feedback: editorial@rttnews.com