Puig secures full ownership of Isdin for 1.2 billion euros, bolstering its strategic position in the high-growth dermocosmetics market while maintaining a disciplined debt profile.
Puig will gain full control of Isdin, a strategic dermocosmetics brand, with financing that maintains net debt/EBITDA below 2.0x, supporting long-term growth in skin care.
Puig has agreed to acquire the remaining 50 percent stake in dermocosmetics brand Isdin from Corporación Químico-Farmacéutica Esteve for 1.2 billion euros. The transaction, expected to close in early 2027, will be funded through cash and debt, with Puig maintaining a net debt-to-EBITDA ratio below 2.0x to support long-term growth in the skin care sector.
Puig expects its net debt-to-adjusted EBITDA ratio to remain below 2.0-times, consistent with its existing financial guidance.