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$660 million deal to close by end of 2013
August 6, 2013
By: TOM BRANNA
Editor
What's old is new again. Revlon is buying The Colomer Group (TCG), which sells hair dye and other products for beauty salons, for about $660 million, saying the deal will help it reach new salon customers and cut costs. The acquisition reunites Revlon with its one-time unit in an effort to expand its global distribution. New York-based Revlon will buy the business from CVC Capital Partners, which acquired what was then known as Revlon Professional Products Worldwide in 2000 in a deal valu...
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