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Revlon adds Colomer for $660M

Aug 05, 2013 - The Deal Pipeline

Beauty products giant Revlon Inc. said Monday it would acquire Colomer Group Spain SL for $660 million, reuniting with its one-time unit in an effort to expand its global distribution.

New York-based Revlon will buy the business from funds advised by CVC Capital Partners Ltd. , which acquired what was then known as Revlon Professional Products Worldwide in 2000 in a deal valued at $325 million.

Colomer markets and sells Revlon professional hair care products under license.

Revlon said that the purchase would add hair care, lotions and nail polish brands and products to its arsenal and build its global reach...