LEHIGH VALLEY, Pa.,
Feb. 13, 2012 /PRNewswire/ -- Air
Products (NYSE:APD) today announced it has acquired Schluchtern,
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 Teichmuller, 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.
SOURCE Air Products