L’Oreal subsidiary to acquire operations of Icon Salon Systems in Canada

L’Oreal Canada announced a definitive agreement for SalonCentric Canada, a subsidiary of L’Oreal Canada, to acquire the operations of ICON SALON SYSTEMS, a full-service, privately owned distributor currently headquartered in British Columbia, in Canada. “The acquisition of these assets will expand L’Oreal’s professional salon distribution operation, SalonCentric Canada, into BC. ICON has 7 professional-only stores, 12 sales representatives and 41 additional employees, and is one of the leading professional products distributors in BC,” the company stated.