Shiseido Americas Corp. said Thursday it had entered into an agreement with Alitcor Inc. to acquire its wholly-owned subsidiary, Gurwitch Products. The Gurwitch portfolio includes luxury skin care brand ReVive and luxury cosmetics and skin care brand Laura Mercier. The transaction is expected to close in the third quarter of 2016. Terms of the deal were not disclosed. Annual net sales for Gurwitch totaled $175 million in the fiscal year ending 2015.

Under the terms of the agreement, Shiseido Americas will acquire 100 percent of the membership interests in Gurwitch. The brands are expected to capitalize on Shiseido’s global platform to accelerate growth in high-potential markets and capitalize on untapped opportunities both in the United States and internationally, including Asia, and will benefit from Shiseido’s Global Centers of Excellence for skincare, color cosmetics, and digital and its Americas Innovation Center.

Marc Rey, President and Chief Executive Officer of Shiseido Americas, said, “We are thrilled to welcome Laura Mercier and RéVive to the Shiseido family. Both brands have unique viewpoints, fast-growing and loyal customer bases, and the same focus on innovation that defines all of Shiseido’s brands. Laura Mercier’s classic French elegance and artistry perfectly complements the unique styles and offerings of NARS, bareMinerals, Shiseido and Clé de Peau Beauté to create a formidable portfolio of prestige makeup. And RéVive, with its proven restorative formulas and use of Nobel prize-winning technologies, is a terrific fit with Shiseido’s skincare heritage. Shiseido is well positioned to generate significant value from this attractive acquisition opportunity, and we are energized to use our regional and global resources to take these brands to the next level and further strengthen our overall position in the marketplace.”

“Shiseido is the perfect home for Gurwitch and these beloved brands at this stage in their trajectory. As part of the Shiseido portfolio, Laura Mercier and RéVive will be able to build upon their impressive growth and successes while introducing their products and techniques to more customers around the world,” said Candace Matthews, who oversees the Gurwitch Products business and is President of the Americas Region for Amway, an Alticor portfolio company. “Shiseido has the tools and expertise to help these brands continue to thrive, and shares Gurwitch’s unwavering dedication to empowering customers and celebrating individual beauty. I am excited to see what’s in store for these brands and their customers as part of the Shiseido organization.”

The acquisition, led by Shiseido Americas, is consistent with Shiseido’s VISION 2020 goal to accelerate global growth and the Company’s strategy to leverage regional strengths, assets and expertise for global benefit. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close in the third quarter of 2016. Following the close, Shiseido Americas expects to rapidly integrate the new brands into its regional organization.

Financo acted as financial advisor to Shiseido Americas, and Jones Day served as Shiseido Americas’ legal counsel. Moelis & Company served as Alticor’s financial advisor and Bryan Cave as legal counsel on the sale.