Trilogy to buy controlling stake in Lanocreme maker Lanocorp for $13.8 million

Wed, 28 Jun 2017

By Paul McBeth June 29 (BusinessDesk) - Trilogy International, the scented candle and beauty products maker grappling with rising raw material costs, will spend $13.8 million buying control of smaller rival Lanocorp's New Zealand and Australian businesses. Auckland-based Trilogy will pay $12.5 million upfront in cash for 80 percent of Lanocorp New Zealand, whose suite of beauty products include Lanocreme, By Nature and Tiaki, with two further payments tied to earnings targets. It also has a call option to buy the remaining 20 percent aft...

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