Sally Beauty buys Puerto Rico company

DALLAS Sally Beauty Holdings plans to enter the Puerto Rico market with the purchase of Belleza Concept International, a Puerto Rico-based distributor of beauty products.

Sally Beauty Holdings did not disclose financial terms of the agreement.

Belleza Concept has three stores and eight sales consultants operating in the Caribbean.

In the recent third quarter, Sally Beauty Holdings saw its profit jump 7.3% over 2008 due in part to lower expenses achieved through cost controls.