Coty Buys Hypermarcas' Beauty And Personal Care Business In Brazil

Coty said it has agreed to buy the personal care and beauty business of Brazil-based Hypermarcas S.A. Valued at about $1.0 billion in cash, the transaction will be financed using a combination of cash on hand and available debt facilities. Hypermarcas’ beauty business reported a net revenue of $253.5 million in 2014, driven by brands that hold leading market positions in the country. These brands include Monange personal care products, Risque nail polish, and Bozzano men’s grooming products. Also, the business includes modern manufacturing and distribution facilities in the country’s Goias state.