February 13, 2012 – CIM Partners has advised ROVI Cosmetics International GmbH on its sale to Air Products (NYSE:APD). Rovi, based in Schlüchtern, Germany, is an established leader in the development of cosmetic actives and delivery systems for the European personal care industry. Terms of the deal were not disclosed.
ROVI Cosmetics has 18 employees and provides 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, with over $10 billion in annual revenue and more than 18,000 employees in over 40 countries, provides innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. For more information, visit www.airproducts.com.