Writing instruments and razors company BIC has announced the acquisition of haircare brand Tangle Teezer. BIC acquired 100% of Tangle Teezer for a total consideration of approximately €200 million.

BIC will build on its capabilities in creating and distributing high-quality, value-for-money products to unlock synergies and accelerate Tangle Teezer’s next phase of growth. As part of BIC, Tangle Teezer is well positioned to reach further scale and gain market-leading positions in BIC’s key regions.  

For more information, visit corporate.bic.com.