Givaudan has completed the acquisition of Italy-based B.Kolormakeup & Skincare, a specialist in the development and production of finished makeup and skin care products for beauty brands.
- In 2021, Givaudan acquired its first 25% of B.Kolormakeup & Skincare. By acquiring the remaining 75% stake, Givaudan is focused on expanding its expertise in skin care and makeup, as well as manufacturing services.
- Terms of the deal were not disclosed; B.Kolor's business would have reportedly represented approximately CHF77 million of incremental sales to Givaudan’s results in 2023, per the company.
“After three years of successful partnership with B.Kolor, this is a great achievement for Givaudan to complete this acquisition, promising a very exciting journey," said Maurizio Volpi, president of Givaudan’s fragrance and beauty division. "By sharing our creative and innovation capabilities, we will generate additional value to our respective customers by providing a complete offer combining high level of science with excellence in design.”
“We are delighted to expand in beauty by benefiting from B.Kolor expertise," said Markus Rassmann, head of Givaudan Active Beauty. "This acquisition not only strengthens our capabilities in the fields of makeup and skin care, but also positions us as leaders in driving the market towards an ever more solutions-driven future.”
Maria-Teresa Sancini, chairwoman of B.Kolor, said, “Joining Givaudan, the market leader, is a great opportunity to bring our businesses to new heights. Givaudan’s capabilities in creation, ingredients and technology will greatly support us in evolving our product offering, while benefiting from Givaudan’s customer base and geographical footprint to expand ourselves in new territories. We are very pleased to also share our unique creative design and production know-how with Givaudan to bring the products of tomorrow to life.”
