Givaudan has acquired 25% of b.kolormakeup & skincare, an Italian company specialized in developing and producing end to end products in makeup and skin care for consumer packaged goods and luxury customers. The terms of the deal were not disclosed.
b.kolor will bring to Givaudan added value solutions for its customers, allowing them to accelerate their own development process and bring new generations of makeup and skin care products more quickly to the market. b.kolor will in return benefit from the access to Givaudan’s palette of ingredients, fragrances and patented fragrance & beauty technologies.
Givaudan has the option but not the obligation to acquire a controlling stake in b.kolor after a period of three years.
Maurizio Volpi, president fragrance & beauty at Givaudan said: “Initiating this unique partnership with b.kolor, by becoming a shareholder, promises a very exciting journey and is fully aligned with our 2025 ambitions to keep expanding in skin care and makeup. By sharing our creative and innovation capabilities, we will be able to generate additional value to our respective customers by providing a complete offer combining high levels of science, excellence in design and end-product manufacturing. This will benefit all our customers as they will gain speed to market with very innovative finished products.”
Maria-Teresa Sancini, chairwoman of b.kolor said: “We are thrilled to enter into this collaboration with Givaudan, it is a great opportunity to bring our business 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 the market."
