OPI Up for Sale?

Nail-polish company OPI Products Inc. is in advanced talks with “several parties” to sell itself for at least $900 million, according to the Wall Street Journal.

Coty Inc. is said to be a leading bidder for the company, which brought in an estimated $200 million in sales last year and made Happi’s Top 50 list (www.happi.com/articles/2010/07/38-opi).

A few private-equity firms, including Bain Capital LLC, are also interested in OPI, said the report.

A competitor brand, Essie, was acquired by L’Oréal USA earlier this year, as previously reported in Happi.