Acquisition Targets Personal Care Industry
February 13, 2012 Lehigh Valley, Pa.
Air Products (NYSE:APD) today announced it has acquired Schlüchtern, Germany-based ROVI Cosmetics International GmbH, 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.
“We are pleased to complete the acquisition of ROVI Cosmetics and continue to build our personal care portfolio,” said Pam Mattimore, vice president and general manager of Performance Materials for Air Products. “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 Teichmüller, president and chief executive officer of ROVI Cosmetics.
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 interpenetrating network polymers.
For more information, please visit www.airproducts.com/personalcare.
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 18,000 employees in over 40 countries supply 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. In fiscal 2011, Air Products had sales of $10.1 billion. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company’s Form 10K for its fiscal year ended September 30, 2011.