Givaudan Buys 25% Stake in B.Kolormakeup & Skincare
01 Julho 2021 - 2:47AM
Dow Jones News
By Kim Richters
Givaudan SA said Thursday that it has acquired 25% of the shares
in B.Kolormakeup & Skincare, without disclosing the terms of
the deal.
The Swiss flavor-and-fragrance company funded the deal 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," it said.
Italian company B.Kolormakeup & Skincare is a contract
manufacturer for makeup and skincare products and employs around
250 people.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
July 01, 2021 01:34 ET (05:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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