Yesterday, Givaudan has announced it acquired B.kolormakeup & Skincare, an Italian company known as B.kolor as Givaudan broadens its capabilities in beauty.
That is an Italian company, known as B.kolor, focused on developing and manufacturing finished makeup and skin care products for consumer packaged goods, indie brands and luxury goods. The financial terms of the deal were not disclosed.
In July 2021, Givaudan acquired 25 percent of B.kolor as part of its strategy to expand in beauty. “This acquisition of the remaining 75 percent allows Givaudan to offer innovative solutions for makeup formulations and further widen its capabilities for skin care applications,” the company stated. “This will enlarge its value proposition in the beauty sector, having already a strong leadership in fine fragrances and hair care.”
“By sharing our creative and innovation capabilities, we will generate additional value to our respective customers by providing a complete offer combining a high level of science with excellence in design,” said Maurizio Volpi, president of Givaudan’s Fragrance and Beauty division.
Markus Rassmann, head of Givaudan Active Beauty, added, “We are delighted to expand in beauty by benefiting from B.kolor’s expertise. 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, cofounder and chairwoman of B.kolor, stated, “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.”
“By sharing our creative and innovation capabilities, we will generate additional value to our respective customers by providing a complete offer combining a high level of science with excellence in design,” said Maurizio Volpi, president of Givaudan’s Fragrance and Beauty division.
Markus Rassmann, head of Givaudan Active Beauty, added, “We are delighted to expand in beauty by benefiting from B.kolor’s expertise. 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, cofounder and chairwoman of B.kolor, stated, “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.”
