The merger agreement, executed on March 26, 2026, outlines that Olaplex will continue to operate under its established brand name post-acquisition. The transaction is anticipated to close in the second half of 2026, subject to regulatory approvals and customary closing conditions. Advent International, which holds a majority stake in Olaplex, has already provided its written consent for the transaction, eliminating the need for further stockholder votes.
Olaplex's CEO, Amanda Baldwin, expressed enthusiasm about the merger, highlighting the exciting opportunities it presents for innovation and growth within the hair care industry. The merger is expected to combine Olaplex's strong presence in the North American market with Henkel's international capabilities, creating new avenues for product development and market expansion.
The agreement also includes provisions for the treatment of outstanding equity awards, ensuring that all options and restricted stock units will be converted into cash payments based on the merger consideration. This strategic move is designed to align the interests of all stakeholders and facilitate a smooth transition during the merger process.
As part of the merger, Olaplex will file an information statement on Schedule 14C with the SEC, providing further details about the transaction and its implications for stockholders. The company urges its stockholders to review all relevant documents carefully as they become available, as they will contain important information regarding the merger and its anticipated benefits.
