The Procter & Gamble Company ((P&G) announced the closing of an agreement to purchase Nioxin Research Laboratories, Inc. A leader in the scalp care professional hair care segment, Nioxin offers a range of innovative products that focus on the scalp to improve the appearance of thinning hair. The company’s product line is distributed through salons and salon stores in more than 40 countries.

The acquisition is in line with P&G Beauty’s strategy of focusing on faster growing, higher margin and more asset-efficient businesses, says the company. Current Nioxin Chief Executive Officer Brian Graham will continue to lead the business.