Anchin, Block & Anchin LLP (New York) TAS Team Assists in Sale of Thayers Natural Remedies to L’Oréal
Published on July 30, 2020
In June 2020, Thayers Natural Remedies (“Thayers" or the “company"), completed the sale of the business to L'Oréal Paris (“L'Oréal”).
Anchin’s Transaction Advisory Services Team (TAS) served as sell-side due diligence & accounting support advisor to Thayers in connection with the transaction.
Thayers Natural Remedies is a US-based natural skincare brand from Henry Thayer Company founded at the intersection of two major skincare trends: nature and health. Best known for its iconic Witch Hazel Aloe Vera Formula Facial Toner, Thayers recorded sales of $44 million in 2019 according to the press release.
According to Henry Thayer CEO John Gehr, the company “couldn’t imagine a better organization than L’Oréal to take Thayers to new heights while maintaining its core values of social and environmental responsibility.” L’Oréal will be integrating Thayers into L’Oréal’s Consumer Products Division.
Working alongside investment banking group Whipstitch Capital, Anchin helped Thayers prepare for the sale and provided a Quality of Earnings (QofE) report. The terms of the deal were undisclosed.
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