Alan T. Ennis

US cosmetics group Revlon is buying The Colomer Group (TCG), a company focusing on the professional salon channel, for about 660 million US dollars.

TCG’s presence in the professional salon channel, which Revlon currently does not serve, will expand our product offering and enable us to reach new consumers. We plan to capitalize on TCG’s extensive geographic and channel distribution,” commented Revlon President and Chief Executive Officer, Alan T. Ennis.

TCG markets and sells professional products under brands such as Revlon Professional hair care, which it currently licenses from Revlon under a long-term agreement; Creative Nail and Shellac franchise professional nail polish; and American Crew men’s haircare. TCG also sells certain brands directly into retail channels, including Natural Honey body lotions and Llongueras hair care, and operates a multi-cultural hair-care business under the Crème of Nature brand. Approximately 50% of TCG’s sales are in Europe, Middle East and Africa, with 40% in the U.S., and the balance in the rest of the world.

The acquisition is expected to close in the fourth quarter of 2013.