Ms Beautilab has acquired Gi Picco's.
Previously: kdc/one Acquiring V Manufacturing and Logistics
The acquisition provides Ms Beautilab three makeup and skin care R&D laboratories (located in France, Italy and Switzerland), four production sites including the Czech Republic, and a new “to be unveiled” venture.
Among the flagship technologies of Gi Picco's, is their Top Injection, which makes it possible to formulate powders from a mix of solid and liquids.
Olivier Salaun, CEO of Ms Beautilab, said: "Gi Picco's technology is next-generation in powder manufacturing. They offer incredibly creative and attractive solutions that are influenced by the world of design, art and Italian fashion. It has been in Gi Picco's DNA since 1967. They are also very much anchored in a sustainable and economic reality to respond to brands globally. It is a real pleasure for our shareholders, our teams and myself to welcome Gi Picco's teams in our group and I am thrilled with this major step in the implementation of our Pulse 2025 strategic plan."