Cosmetics company Coty Inc., the maker of Calvin Klein fragrances, (NYSE: COTY) is buying Hypermarcas SA’s beauty and personal care business for about $1 billion in cash.

The target’s assets include the Monange, Risque, Bozzano, Paixao and Biocolor brands that make nail polish, female deodorant and hair color. The division has about $253.5 million in annual revenue. Coty will fund the purchase with cash on hand and debt.

Hypermarcas, based in Sao Paulo, Brazil, is known for its Benegrip, Engov, Rinosoro, Epocler, Estomazil and Atroveran over the counter drugs that treat flu and pain relief. The company also has a personal care division that makes condoms and skincare products.

The acquisition comes after Coty recently agreed to buy 40-plus beauty brands from Procter & Gamble Co. (NYSE: PG). “We expect that the strength of the brands, the impressive leadership team and its robust infrastructure will enhance Coty’s competitive position and very much complement our contemplated merger with P&G Specialty Beauty business,” says Coty interim CEO Bart Becht.

Beauty companies have been attracting buyer interest in 2015. Catterton is taking beauty products retailer Steiner Leisure Ltd. (NASDAQ: STNR) private for about $925 million; The Estee Lauder Cos. (NYSE: EL) is picking up a stake in South Korean skincare company Have & Be Co; and MidOcean Partners is investing in skincare products distributor Image Skincare.

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