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Aderans Co., Ltd. (“Aderans”) (8170.T) announced today that it has entered into an agreement to purchase Hair Club, a leader in hair replacement services in North America, for US$163.5 million. Under the terms of the transaction, Aderans will purchase all of the outstanding common stock of HC (USA), Inc. from Regis Corporation (NYSE:RGS).
“We are delighted to welcome Hair Club into the Aderans family of businesses,” said Nobuo Nemoto, Representative Director and Founder of Aderans. “Acquiring Hair Club is an important step in our previously announced strategic shift away from focusing on business reorganization to emphasizing global revenue and profit expansion.”
Headquartered in Tokyo, Japan, Aderans is a global provider of hair replacement and restoration products and services, owning internationally-recognized brands ADERANS for men, FONTAINE for women, and BOSLEY, a provider of hair loss solutions and medical hair restoration.
“As a result of this acquisition, we will be able to offer the most comprehensive set of hair replacement and hair restoration services in the North American marketplace and provide consumers with a full array of hair loss solutions through our complementary businesses,” said Joshua Schechter, Chairman of Aderans America Holdings, Inc. “We look forward to providing world-class products and service to Hair Club customers and to working with Hair Club franchisees and employees to expand the brand and grow the business.”
Bryan Cave LLP is acting as legal advisor to Aderans in connection with the transaction. The transaction is subject to satisfaction of regulatory requirements and other closing conditions.
Founded in 1969, Aderans is a global provider of hair replacement and restoration products and services, whose internationally-recognized brands include ADERANS custom-made wigs, hair products and services for men, FONTAINE custom-made and ready-to-wear wigs, products and services for women, and BOSLEY, providing hair loss solutions and medical hair restoration.