Swiss group Givaudan, a global specialist in fragrances and beauty products, has announced that it has finalized the acquisition of b.kolormakeup & skincare (b.kolor), an Italian company specializing in the development and production of finished makeup and skincare products. This transaction follows the purchase of 25 % of the Italian company's capital by Givaudan in July 2021.
This acquisition enables Givaudan to offer innovative solutions for make-up formulas and to further expand its capabilities in skincare applications.
Founded in 2000 and based near Milan, Italy, b.kolor employs over 300 people. The company is recognized as an expert in the design of creative formulas and the production of finished products for B2B customers, focusing on innovation and sensory benefits combined with cutting-edge technical performance. With two modern plants, it serves a broad customer base including independent brands, local and regional customers, as well as international companies. Some 90 % of its sales are generated outside Italy.
"After three years of fruitful partnership with b.kolor, the completion of this acquisition is a major milestone in the company's development. is a great success for Givaudan and the promise of an exciting adventure. By sharing our creative and innovative capabilities, we will generate additional value for our respective customers by offering a complete package combining high-level scientific knowledge and design excellence".said Maurizio Volpi, President of Givaudan's Fragrance and Beauty Division.
"We are delighted to expand in the beauty sector by benefiting from b.kolor's expertise. This acquisition not only strengthens our capabilities in make-up and skincare, but also positions us as leaders in driving the market towards an even more solutions-driven future."added Markus Rassmann, Managing Director of Givaudan Active Beauty,
"Joining Givaudan, a market leader, is an excellent opportunity to propel our business to new heights. 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 as we expand into new territories. We are delighted to share our unique creative design and production know-how with Givaudan to bring tomorrow's products to life.said Maria-Teresa Sancini, President of b.kolor.
The terms of the agreement were not disclosed.
Photo : Maria / Pixabay
