Alberto buys St. Ives

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Alberto-Culver Co., Melrose Park, Ill., has agreed to acquire St. Ives Laboratories, a Chatsworth, Calif.-based hair and skincare products company, for approximately $120 million. St. Ives Swiss Formula skincare products account for about 50% of the company's sales. St. Ives chairman-CEO Gary Worth will remain as a consultant.

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