French beauty products company L’Oréal SA (EPA: OR) has acquired Mumbai-based Cheryl’s Cosmeceuticals, a professional skincare products company, as a means of boosting distribution across India.

The acquisition comes on the heels of L’Oréal’s announcing plans to invest  in India as a means of growing its supply chain and improve production facilities and spend roughly of Rs.970 crore ($156.4 million) on research and M&A. Terms of the deal, which is L’Oreal’s first in India, were not disclosed.

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