Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates primarily through two business units: Sally Beauty Supply and Beauty Systems Group (BSG). Through Sally Beauty Supply and BSG, the Company sells and distributes beauty products through 4,128 Company-owned stores, 181 franchised stores and 1,116 professional distributor sales consultants. Sally Beauty Supply stores target retail consumers and salon professionals, while BSG exclusively targets salons and salon professionals. As of September 30, 2011, the Company operated through 17 distribution centers, eight of which serviced Sally Beauty Supply and nine of which serviced BSG. In November 1, 2011, the Company acquired Kappersservice Floral B.V. and two related companies, Hair Zone B.V. and Exphair B.V. On October 1, 2010, the Company acquired Aerial Company, Inc. (Aerial).