Galderma to Buy ZO Skin Health
Swiss skincare company Galderma has agreed to acquire ZO Skin Health from Blackstone for approximately 1.5 billion dollars. The strategic deal aims to expand Galderma's presence in the United States market with physician-distributed products.
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Galderma Group AG has agreed to acquire medical-grade skincare brand ZO Skin Health for about $1.5 billion, people familiar with the matter said during the evening. The transaction will expand the Swiss skincare company's footprint across the United States. Industry buyers are increasingly targeting physician-distributed brands due to steadier consumer demand.
