Givaudan announces that it has acquired 25 % of the shares of b.kolormakeup & skincare, an innovative Italian company specializing in the end-to-end development and production of makeup and skincare products for customers in the consumer packaged goods and luxury sectors. By joining forces, Givaudan Perfumes & Beauty and b.kolor will leverage their respective capabilities to provide customers with creative and unique products and integrated solutions.
Founded in 2000, b.kolor is headquartered near Milan (Italy) and employs about 250 people. Its employees are recognized experts in the fields of industrial formulation design, focusing on innovation and sensory benefits combined with technical performance. They are involved in all phases of the creative process for make-up and skincare products, from idea generation and translation into cosmetic formulas, to innovative device design and final product manufacturing. They design approximately 250 new products each year, offering their clients ready-made products for consumers' favorite brands.
b.kolor will provide Givaudan with value-added solutions for its customers, enabling them to accelerate their own development process and bring new generations of make-up and skincare products to market faster. In return, b.kolor will benefit from access to Givaudan's ingredient palette and patented fragrance and beauty technologies.
Maurizio Volpi, President of Givaudan Perfumes and Beauty, states: "The establishment of this unique partnership with b.kolor through the acquisition of 25 % of its shares promises to be an exciting venture. It fits perfectly with our ambitions for 2025 to continue our expansion in the skincare and make-up fields. By sharing our creative and innovative capabilities, we will be able to generate additional value for our respective customers by presenting a complete offering combining high-level science, design excellence and end-to-end manufacturing. This will benefit all of our customers by increasing their speed to market with highly innovative end products."
Maria-Teresa Sancini, president of b.kolor, said: "We are delighted to begin this collaboration with Givaudan. It represents a great opportunity to grow our business. Givaudan's creative, ingredient and technological capabilities will greatly assist us in evolving our product offering and we will also benefit from Givaudan's customer base and geographic presence to access new territories. We are also excited to share our unique creative, design and production expertise with Givaudan to bring tomorrow's products to market."
The terms of the transaction are not publicly disclosed. Givaudan will finance the transaction from existing resources. According to the agreement, within three years, Givaudan has the option, but not the obligation, to acquire majority control of b.kolor.
