December 29, 2009 (FinancialWire) Online retailer drugstore.com, inc. (NASDAQ: DSCM) said it has entered into an agreement to acquire Salu, Inc. in a stock and cash transaction.
Salu owns and operates the SkinStore.com webstore, an online retailer of clinical skin care and beauty products. Additionally, Salu has distribution capabilities in Australia and operates the spalook.com webstore for Sandow Media, parent company of NewBeauty Magazine.
In 2009, Salu is expected to generate at least $40 million of revenue, $500,000 of net income and $1.4 million of adjusted EBITDA, excluding one-time transaction-related charges, according to drugstore.com.
Washington-based drugstore.com is an online retailer of health, beauty, vision and pharmacy products. The companys portfolio of brands includes drugstore.com, Beauty.com and VisionDirect.com.
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