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Givaudan Acquires 25% of b.kolor

July 12, 2021 BeautyMatter
July 12, 2021
Alex Vasey via Unsplash

Givaudan acquired 25% of b.kolormakeup & skincare’s shares. b.kolar is an innovative Italian company specialized in developing and producing end-to-end products in makeup and skincare.

WHO: Founded in 2000 and owned by Maria-Teresa Sancini and Mario De Luigi, b.kolor is an innovative Italian company specialized in developing and producing end-to-end products in makeup and skincare for Consumer Packaged Goods (CPG) and luxury customers. They are recognized experts in industrial formulation design, focusing on innovation and sensory, allied to technical performance. b.kolor's value chain covers the entire creation process from the customer's brief until the ready-to-commercialize product, leveraging two modern GMP-qualified factories located in Treviglio.

Givaudan is a global leading company in taste and well-being, and fragrance and beauty. With its heritage stretching back over 250 years, the company has a long history of innovating scents and tastes.

WHY: 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.

IN THEIR OWN WORDS: "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," said 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."

DETAILS:

  • Givaudan acquired 25% of b.kolor’s makeup and skincare shares.
  • 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.
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