TAGS: Decorative Cosmetic
Skin Care
Givaudan acquires 25% shares in b.kolormakeup & skincare, an innovative Italian company specialized in developing and producing end to end products in makeup and skin care for Consumer Packaged Goods (CPG) and luxury customers.
Collaboration to Expand Capabilities
By joining forces, Givaudan Fragrance & Beauty and b.kolor will leverage their respective capabilities to provide creative and unique products and integrated solutions to customers.
Founded in 2000, b.kolor is headquartered close to Milan, Italy and employs around 250 employees. They are recognized experts in formulation design, focusing on innovation and sensory benefits allied to technical performance.
b.kolor is engaged in all the phases of the creation process for makeup and skin care products, from pure ideation and its translation into a cosmetic formula, to the conception of innovative devices and to the production of the final product. They are designing about 250 new products per year, offering to their customers ready-made products for consumers’ favorite brands.
New Generation of Makeup & Skin Care Products
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.
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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 make up . 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,” commented Maurizio Volpi, president Fragrance & Beauty at Givaudan.
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.”
The terms of the deal will not be disclosed and Givaudan funded the transaction from existing resources. Under the terms of the agreement, Givaudan has the option but not the obligation to acquire a controlling stake in b.kolor after a period of three years.
Source: Givaudan