Givaudan completes acquisition of Italian makeup maker B.Kolor

Swiss fragrance and flavor company Givaudan announces that it has completed the acquisition of B.Kolormakeup & Skincare (B.Kolor), an Italian company specializing in the development and production of makeup and skincare cosmetics. The amount of the transaction was not disclosed, but follows Givaudan’s acquisition of a 25% stake in B.Kolor in July 2021.

Givaudan, which reported sales growth of 12.6% to CHF 1.8 billion (EUR 1.8 billion) in the first quarter of its 2024 fiscal year, is strengthening its presence in the cosmetics category by acquiring the remaining 75%.

The Swiss group, which designs fragrances for major perfume brands such as Christian Dior and Prada, aims to offer “innovative solutions for make-up formulas and further develop its capabilities in skin care applications.”

B.kolor was founded in 2000 and is headquartered near Milan. It employs over 300 people. The group offers around 250 new products each year.