(May 9, 2001) -- L'Oreal S.A. reached an agreement with CosMedic Concepts, Phoenix, to acquire the BioMedic skin-care brand. Terms for the deal, which is expected to close in the next two months, were not disclosed. BioMedic will become part of L'Oreal's active cosmetics division led by Philip Shearer, president of L'Oreal USA's Luxury Products Division. -- Mercedes Cardona
Copyright May 2001, Crain Communications Inc.