Givaudan completes acquisition of b.kolormakeup & skincare

Givaudan, a world leader in fragrances and cosmetics, today announced the completion of the acquisition of b.kolormakeup & skincare (b.kolor), an innovative Italian company specializing in the development and production of finished makeup and skincare products for consumers in the consumer packaged goods, independent brands and luxury goods industries.

In line with its 2025 strategy to expand its presence in cosmetic categories, Givaudan announced in July 2021 that it had acquired a 25% stake in b.kolor. This acquisition of the remaining 75% enables Givaudan to offer innovative solutions in makeup formulations and further expand its capabilities in skin care applications. This will enhance its value proposition in the cosmetics sector, already having a strong leadership position in high-quality fragrances and hair care.

Founded in 2000, b.kolor is headquartered near Milan, Italy, and employs over 300 people. The company is recognized as an expert in creative formulation design and finished product manufacturing for B2B customers, focusing on innovation and sensory benefits combined with cutting-edge technical performance.

“After three years of successful collaboration with b.kolor, it is a great achievement for Givaudan to complete this acquisition, promising a very exciting journey. By sharing our creative and innovative capabilities, we will generate additional value for our customers, providing a complete offer combining a high level of science with excellence in design.”

Maurizio Volpi, President of Givaudan’s Perfumes and Cosmetics Division

“We are thrilled to be expanding into the beauty industry with b.kolor’s expertise. This acquisition not only strengthens our makeup and skincare capabilities, but also positions us as leaders in driving the market toward an increasingly innovative future.”

Markus Rassmann, Head of Givaudan Active Beauty

Maria-Teresa Sancini, Chairwoman of b.kolor, said: “Joining Givaudan, a market leader, is a great opportunity to take our businesses to new heights. Givaudan’s capabilities in formulation, ingredients and technology will greatly support us in developing our product offering, while we will leverage Givaudan’s customer base and geographic reach to expand our business into new territories. We are also pleased to share our unique expertise in creative design and manufacturing with Givaudan to bring tomorrow’s products to life.”

While terms of the deal will not be disclosed, the b.kolor business would contribute approximately CHF 77 million in additional sales to Givaudan’s 2023 results on a proforma basis. Givaudan plans to finance the acquisition with debt.

About Givaudan
Givaudan is a global leader in fragrance and beauty, taste and well-being. We celebrate the beauty of the human experience, creating happier, healthier lives with a love of nature. Together with our customers, we deliver culinary experiences, create inspired fragrances and develop beauty and well-being solutions that make people look and feel good. In 2023, Givaudan employed 16,260 people worldwide and achieved sales of CHF 6.9 billion with a free cash flow of 13.3%. With a heritage spanning more than 250 years, we are committed to driving long-term, purpose-driven growth by improving people’s health and happiness and increasing our positive impact on nature. This is Givaudan. Human by nature. Find out more at www.givaudan.com.

About Givaudan Fragrance & Beauty
Givaudan Fragrance & Beauty creates inspired fragrances to perfume life and memories, and develops innovative beauty and wellness solutions that make people around the world look and feel good. Nature is both our responsibility and our most treasured muse. We are as committed to sustainability as we are to creating innovative products that meet consumer needs and anticipate their desires. Through a collaborative approach that fosters co-creation, we have built a diverse portfolio spanning personal care, fabric care, hygiene, home care, good fragrances and beauty, reflecting our multidisciplinary expertise. This is Givaudan. Human by nature. Find out more at www.givaudan.com/fragrance-beauty.

About b.kolormakeup & skincare
Founded in 2000 and owned by Maria-Teresa Sancini and Mario De Luigi, b.kolor is an innovative Italian company specializing in the development and production of end-to-end makeup and skincare products for consumer packaged goods and luxury goods consumers. They are recognized experts in industrial formulation design, focusing on innovation and sensory, combined with technical performance. B.kolor has a leading position, is highly creative and proactive, and constantly offers new concepts and collections to its customers, with over 250 new products per year. B.kolor’s value chain covers the entire creation process from the client’s brief to the commercially ready product, using two modern GMP qualified factories located in Treviglio. They serve a wide portfolio of clients, including Indies, L&R, but also international, with 90% of their sales outside Italy. Visit their website: www.bkolormakeup-skincare.com

For further information please contact us
Claudia Pedretti, Director of Investor and Media Relations
T +41 523 540 132
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Pauline Martin, Fragrance and Beauty Communications
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