Revlon Acquires Elizabeth Arden

Revlon Inc. (New York) is buying cosmetics brand Elizabeth Arden (Miramar, Florida). The all-cash acquisition will be made for $419 million, or $14 per share, according to the South Florida Business Journal. The deal is valued at $870 million.

Elizabeth Arden employs 2000 full-time employees and 550 part-time workers in the U.S. as well as 19 other countries.

Also according to the Journal, Scott Beattie, Elizabeth Arden’s president and ceo, will join Revlon's board of directors as a non-executive vice chairman and become an adviser to Fabian Garcia, Revlon's president and ceo.