A month before Air Products sold its healthcare unit to Linde Group, a Germany based company. Yesterday only it announced to acquire Schluchtern, Germany-based ROVI Cosmetics International GmbH.
Company is an established player in the development of cosmetic actives and delivery systems for the European personal care industry. Till now there is no such official deal terms made open for media. It simply implies Air Products another expansion in diversified service offering, earlier as in CryoEase segment.
A German firm, ROVI Cosmetics has nearly 18 employees and provides targeted and differentiated delivery systems. Company’s majority of business is in the personal care formulators’ performance and label claims in their finished skin care and hair care products.
Pam Mattimore, vice president and general manager of Performance Materials for Air Products said “We are pleased to complete the acquisition of ROVI Cosmetics and continue to build our personal care portfolio.”This acquisition adds critical mass to our business as we develop into a differentiated specialty ingredient supplier to the personal care industry.”
“We are excited about this opportunity. Air Products and ROVI present a perfect match that will facilitate the development and global sale of advanced skin care actives,” said Dirk Teichmuller, president and chief executive officer of ROVI Cosmetics.
According to published news in media, ROVI Cosmetics’ technically advanced product lines will complement Air Products’ current offering, which includes temperature switch polymers under the Intelimer® brand, “functional-feel” polymers under Deposilk™ brand, and Hybridur® urethane-acrylic interpenetration network polymers.