July 2, 2021
The Swiss group Givaudan, the world leader in perfumes and aromas, has acquired a 25% stake in b.kolor, an Italian company specializing in the design and development of make-up and skin care products. Givaudan announced the deal Thursday without revealing financial details.
The Swiss group, which regularly makes targeted acquisitions, showed in a press release that it continues to develop in the fields of skincare and make-up.
Founded in 2000, b.kolor develops make-up and skincare products for cosmetic and luxury brands and is involved in all stages of the creation process.
In a press release, Givaudan said that b.kolor is based in Milan and employs 250 people.
As part of the partnership established with this acquisition, b.kolor will provide Givaudan and its customers with new solutions that can accelerate the product development process. In return, b.kolor will have access to a variety of givaudan materials.
The transaction gives Givaudan the opportunity to acquire a majority stake in b.kolor within three years.
Zurich, July 1, 2021 (AFP)
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Givaudan strengthens its presence in the cosmetics sector by acquiring a 25% stake in the Italian company b.kolor.
Source link Givaudan strengthens its presence in the cosmetics sector by acquiring a 25% stake in the Italian company b.kolor.