PARIS, July 22 (Reuters) - Cosmetics company L'Oreal has agreed to buy IT Cosmetics, a U.S. maker of beauty products for women with severe skin conditions, for $1.2 billion, the French firm said on Friday.
IT Cosmetics will continue to operate from its New Jersey base under its current leadership team, L'Oreal said in a statement. The all-cash deal is subject to regulatory approvals.
(Reporting by Laurence Frost; editing by Susan Thomas)
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