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Puig Buys Remaining ISDIN Stake in $1.4 Billion Deal

The transaction gives the Spanish beauty group full ownership of the brand and strengthens ⁠its position in dermatology-linked skin care.

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By: Lianna Albrizio

Associate Editor, Happi

Puig Brands has agreed to buy Esteve’s 50% ‌stake in ISDIN in a $1.41 billion deal, according to reports.

The transaction gives the Spanish beauty group full ownership of the brand and strengthens ⁠its position in dermatology-linked skin care.

The Happi International Top 30 Company said in a filing that it will pay about $1 billion for the 50% stake when the deal closes, with the remaining $345 million deferred to the first quarter of 2029.

Closing ‌is ⁠expected by the end of the first quarter of 2027, pending regulatory approvals.

Read more about the Happi International Top 30 Company here.

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