By Oliver Griffin 
 

Unilever PLC (ULVR.LN) said Wednesday that it has made a binding offer to buy France's Garancia, a derma-cosmetic company, for an undisclosed sum.

The consumer-goods company said Garancia, which was founded in 2004, offers 38 premium facial and body skincare products predominantly sold through the pharmacy channel in France, and in selective retail distribution.

Unilever said the acquisition is expected to close in the second quarter of 2019, following a consultation process.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

March 27, 2019 06:28 ET (10:28 GMT)

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