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July 31, 2001
By: TOM BRANNA
Editor
Revlon, Inc. announced today that CW Cosmetics Ltd. has purchased the Revlon subsidiary that owns and operates its manufacturing facility in Maesteg, Wales, UK, including all production equipment. Revlon will receive approximately $20 million, $10 million payable on the closing and $10 million in deferred purchase price. CW Cosmetics Ltd. will produce all Revlon color cosmetics and other products for Revlon’s European market pursuant to a long-term Supply Agreement. The Welsh Development A...
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