Coty Inc., a leading global beauty and the world’s largest fragrance company, and Del Laboratories, Inc., a leading developer, manufacturer and marketer of cosmetics, announced that Coty has entered into an agreement to acquire DLI Holding Corp. and its subsidiaries. DLI Holding Corp. is the parent company of Del Laboratories, Inc.
 
Under the terms of the agreement, all operations of DLI Holding Corp. will be merged with and into Coty. Financial terms of the transaction were not disclosed. Upon closing, Del Laboratories, Inc. and DLI Holding Corp., which is principally owned by investment funds associated with Kelso & Company LP, will become wholly-owned subsidiaries of Coty.
 
The acquisition adds brands such as Sally Hansen, N.Y.C. New York Color, La Cross, Orajel and Dermarest to Coty Beauty’s portfolio.