ROVI Cosmetics International GmbH (“ROVI”) has been sold to to Air Products (NYSE:APD).
ROVI is a Germany-based established leader in the development of cosmetic actives and delivery systems for the European personal care and skin care industry. ROVI’s products provide targeted and differentiated delivery systems that enable personal care formulators’ performance and label claims in their finished skin care and hair care products.
Air Products provides atmospheric, process and specialty gases; performance materials; equipment; and technology to applications in semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction and advanced coatings and adhesives. In fiscal year 2011, Air Products had sales of $10.1 billion.
EC M&A* acted as exclusive financial advisor to ROVI on this transaction.
*Represents transaction executed by Senior Professionals at EC M&A at prior firms