Air Products has acquired Schluchtern, Germany-based Rovi Cosmetics International GmbH, a 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 Teichmuller, president and chief executive officer of Rovi Cosmetics.
Rovi Cosmetics' 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.