The acquisition will include the OGX
collection of shampoos, conditioners, treatments, styling products, body care and bath products, the FX line of hair styling products, and the Proganix and Maui Moisture hair care lines.
Sandra Horbach, Carlyle Managing Director and Head of the Consumer & Retail team, said, It has been a privilege to partner with Todd and to support his efforts to develop and launch innovative products, strengthen and grow the organization, advance sustainability practices, and reach new customers all around the world with the OGX
was the top-selling shampoo at the nation's mass market retailers in the 52 weeks to March 20, according to IRI.
The police probe will focus on the sale of shares last year in oil producer OGX
before the company informed the market that much of its reserves were not commercially viable, Folha de S.
The failure of OGX
is seen as a significant chapter in the demise of the vast business empire controlled by Mr Batista, which also includes steel, mining, infrastructure and property companies.
The agreement would also allow for 600 million reais of OGX
Maranhaao's debt to be rolled over.
Last month Batista reduced his stake in OGX
from 61 percent to 59 percent for $122 million reals ($261 million), raising eyebrows about his commitment to his troubled oil company.
The brokerage explained the drop with the bad performance of OGX
and Fertilizantes Heringer.
Both OSX and OGX
are controlled by Brazilian tycoon Eike Batista.
holds a 100 percent working interest in this block.
The firm, which employs more than 850 people in the UK, Brazil, US and Australia, did not reveal how much the contract with OGX
Petroleo e Gas (OGX
) was worth.
The Walker-based business, which employs more than 850 people in the UK, Brazil, US and Australia, has not revealed how much the contract with OGX
Petroleo e Gas was worth.