"The acquisition will take us a significant step forward in the American hair cosmetics market," the company said.
The acquisition took place on January 1, 1971, and included the three branches.
Weeks later, though, stock markets around the world collapsed and the proposed acquisition never took place.
The acquisition of the stations took effect January 27, 1961.
The acquisition should take six to nine months to complete.
The acquisition, valued at $14 a share, will take place in two stages, the company said.
He said the acquisition would take place after a 30-day waiting period, provided no "issues or problems" arise.
With all the mergers and acquisitions taking place in the industry, it can happen.
However, on May 30, 2012 it was announced that the acquisition would not take place.
The acquisition of Revco will take place in two steps.