In November, Coty Inc., entered into an agreement to purchase OPI Products for an undisclosed amount. “OPI is both dynamic and high-quality and has earned its place as a leading provider to professional nail care salons,” says Bernd Beetz, CEO of Coty. “This acquisition will allow Coty to expand our presence in the nail care category via an important new channel of distribution: professional salons, and importantly will offer an even greater selection of products and choice to consumers.”
“It’s time for a new era at OPI, and together with Coty we can begin this new journey,” says George Schaeffer, president and CEO of OPI Products. “For almost 30 years, we have built a solid foundation of innovation and excellence. We are confident that by joining Coty, this legacy will continue and be strengthened. We are all excited about the next phase of opportunity for OPI. Our management team will continue on with the company and OPI’s business strategy will remain focused on the salon professional.”
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