Revlon, the cosmetics giant, is in the process of purchasing Colomer Group. Colomer Group is in the business of selling hair dye and other beauty products direct to beauty salons. 

The purchase is estimated to be worth well-over US$660 million with the goal of reaching out to new customers in the salon industry for the much vaunted Revlon line. The sale is actually a return to the fold of Colomer into the Revlon Group. The Spain based beauty products company was sold to CVC Capital Partners back in 2000 for the cost of US$315 million. 

According to statistics collated back in 2010, the world hair care industry grew by 3%, creating revenue of nearly US$49 billion with 15 billion units worldwide, It is expected that by 2015, the revenue for the market is expected to climb to US$58 billion. This is a projected 18% growth within the five year period from 2010.