07.02.24
Givaudan has completed the acquisition of b.kolormakeup & skincare (b.kolor), an Italian company specializing in developing and producing finished makeup and skincare products for Indie Brands, Consumer Packaged Goods, and Luxury Goods.
b.kolor was founded in 2000 and is headquartered in Milan, Italy. The company is recognized as an expert in formulation design and the production of finished products for B2B customers.
In July 2021, Givaudan had acquired 25% of b.kolor. This acquisition of the remaining 75% allows Givaudan to offer innovative solutions for make-up formulations and further widen its capabilities for skincare applications. This will enlarge its value proposition in the beauty sector, which already has a strong leadership in fine fragrances and haircare.
Maurizio Volpi, President of Givaudan’s Fragrance & Beauty, said,
“After three years of successful partnership with b.kolor, this is a great achievement for Givaudan to complete this acquisition, promising a very exciting journey. By sharing our creative and innovation capabilities, we will generate additional value to our respective customers by providing a complete offer combining high level of science with excellence in design.”
Markus Rassmann, Head of Givaudan Active Beauty, commented,
“We are delighted to expand in beauty by benefiting from b.kolor expertise. This acquisition not only strengthens our capabilities in the fields of make-up and skincare, but also positions us as leaders in driving the market towards an ever more solutions-driven future.”
Maria-Teresa Sancini, Chairwoman of b.kolor, said,
“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. We are very pleased to also share our unique creative design and production know-how with Givaudan to bring the products of tomorrow to life.”
