Estee Lauder Cos. (NYSE: EL), making the biggest acquisition in its history, agreed to buy cosmetics company Too Faced for about $1.45 billion, scooping up a makeup brand that’s popular with millennials.

Too Faced, which is expected to top $270 million in net sales in 2016, will help Estee Lauder expand in e-commerce and specialty stores, according to a statement. The purchase is expected to be completed in December.

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