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ALBERTO-CULVER COMPANY INCREASES CEDERROTH OWNERSHIP

 ALBERTO-CULVER COMPANY INCREASES CEDERROTH OWNERSHIP
 MELROSE PARK, Ill., April 6 /PRNewswire/ -- Alberto-Culver Company


(NYSE: ACVA, ACV) announced today the acquisition of an additional 35 percent equity interest in Cederroth International AB through the purchase of 1,660,000 Cederroth Class B shares for 56,440,000 Swedish krona (approximately US$9.3 million).
 Last Septemeber, Alberto-Culver acquired a 23 percent equity interest and 75 percent voting control in Cederroth through the purchase of 100,000 Class B shares and one million high-voting Class A shares. The newly acquired shares, which bring Alberto-Culver's equity interest in Cederroth to 58 percent, were acquired for a cash price of 34 Swedish krona per share (approximately US$5-5/8 per share) from Smith & Nephew Overseas Limited.
 Publicly held Cederroth International, a well-established Stockholm-based consumer health and hygiene product company, will add approximately $110 million to Alberto-Culver's fiscal 1992 sales. The additional 35 percent equity ownership stake in Cederroth will have a slight positive impact on Alberto-Culver's profits for the balance of the 1992 fiscal year which ends next Sept. 30.
 -0- 4/6/92
 /CONTACT: Daniel Stone of Alberto-Culver, 708-450-3005/
 (ACV) CO: Alberto-Culver Company; Cederroth International AB ST: Illinois IN: HOU SU: TNM


GK -- NY037 -- 5303 04/06/92 10:56 EDT
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Publication:PR Newswire
Date:Apr 6, 1992
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