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The Estée Lauder Companies to acquire Smashbox Beauty Cosmetics

The Estée Lauder Companies announced today that it has signed an agreement to acquire Smashbox Beauty Cosmetics, a privately held cosmetics company based in Los Angeles, California. The acquisition is expected to close in July 2010, subject to certain conditions, including regulatory approval. Smashbox’s significant presence in assisted open-sell environments and specialty distribution channels will expand The Estée Lauder Companies’ product offerings and reach new and younger consumers in these high-growth prestige channels.