L'Oreal to buy NYX Cosmetics

|About: L'Oreal Co. (LRLCF)|By:, SA News Editor

L'Oreal (LRLCF) has signed an agreement to purchase NYX Cosmetics, a Los Angeles-based company. The former has been looking to increase its U.S. brands, and NYX Cosmetics fit the bill.

The price for the acquisition has not yet been disclosed.

NYX Cosmetics has $93M in sales from the beginning of the year till the end of May, up 57% for the same period in 2013.