Reuters
Cosmetics maker Revlon Inc will buy Spanish beauty care company The Colomer Group for $660 million, reacquiring a professional products business it sold 13 years ago.
Colomer Group, owned by CVC Capital Partners, manufactures and sells products such as Revlon Professional hair care under license to salons and other businesses.
Revlon sold its professional products business in 2000 to the Colomer family and CVC Capital Partners for $315 million.
The Barcelona-based company, renamed The Colomer Group (TCG), has since expanded into consumer brands such as Natural Honey body lotions and Llongueras hair care. It gets 40 percent of its revenue from the United States.