PZ Cussons buys St Tropez from LDC

Private equity group LDC has sold St Tropez Holdings Limited to PZ Cussons Plc, a consumer products group in Europe, Asia and Africa, for 62.5 million pounds ($96.9 million) in cash (on a cash and debt free basis). St Tropez is a sunless tanning product range and earnings for the year ending July 2010 (before depreciation, amortization, interest and tax) were 7.4 million pounds ($11.4 million)

North AmericaUSBriefs