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Business

Henkel to Buy U.S. Hair-Care Firm ARL

German consumer goods producer Henkel said on Monday it planned to buy U.S. hair-care specialist Advanced Research Laboratories (ARL) for an undisclosed sum. The Financial Times Deutschland estimated the price between $200 million to $300 million. The takeover would make Henkel the third-largest player for American hair-care products. Henkel is making strong efforts to establish itself in the U.S. market. Only last week, Henkel announced it was buying washing power company Dial for $2.9 billion.