Expands capabilities in fragrance and beauty with 25% share grab
Swiss supplier Givaudan has snapped up 25% of shares in b.kolormakeup & skincare, an Italy-based company that develops end-to-end products for consumer packaged goods and luxury customers.
Givaudan, known for its expertise in the fragrance, flavour and cosmetic ingredients arenas, said the move would enable both companies to provide creative and unique products and integrated solutions.
Founded in 2000, b.kolor is headquartered close to Milan and employs around 250 personnel. The company specialises in formulation design, with a focus on innovation and sensory, and operates in the make-up and skin care areas.
Givaudan expects to benefit from being able to offer b.kolor’s added value solutions to its customers, while b.kolor will gain access to Givaudan’s palette of ingredients, fragrances and patented technologies.
Maurizio Volpi, President Fragrance & Beauty at Givaudan, said: “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.”
Maria-Teresa Sancini, Chairwoman of b.kolor, added: “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.”
Full terms of the deal have not been disclosed, but under the terms of the agreement, Givaudan will have the option of acquiring a controlling stake in b.kolor after a period of three years.