Givaudan completes the acquisition of b.kolormakeup & skincare

Givaudan, the global leader in Fragrance and Beauty, has completed the acquisition of b.kolormakeup & skincare (b.kolor), an innovative Italian company specialising in developing and producing finished makeup and skincare products for Consumer Packaged Goods, Indie Brands and Luxury Goods consumers.

In line with its 2025 strategy to expand its presence in the beauty categories, Givaudan announced in July 2021 that it 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, having already a strong leadership in fine fragrances and haircare.

Founded in 2000, b.kolor is headquartered near Milan, Italy, and employs more than 300 people. The company is recognised as experts in creative formulation design and the production of finished products for B2B customers, focusing on innovation and sensory benefits allied to state-of-the-art technical performance. 

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.”

While terms of the deal will not be disclosed, b.kolor business would have represented approximately CHF 77 million of incremental sales to Givaudan's results in 2023, on a proforma basis. Givaudan plans to finance this acquisition through debt.

(Photo source: Givaudan)