The Swiss fragrance and flavors supplier has upped its share in the pigment and powder specialist to 49 percent.
AG has raised its stake in Kobo Products Inc., a U.S.-based pigment and powder specialist for the beauty industry, to 49 percent.
Financial terms of the deal were not disclosed, but in a statement Symrise said the funds raised are expected to expand capacity and enhance Kobo’s supply chain. “The transaction creates further opportunities for both companies in the fields of mineral UV filters and decorative cosmetics,” Symrise said. “Kobo customers will also benefit from expanded capacities and global supply chains. With this step, both partners have expressed their strong commitment to this partnership and the added value it will create for customers and consumers.
“With its innovative product range, Kobo perfectly complements our own portfolio,” said Jörn Andreas, the executive board member responsible for scent and care at Symrise. “The corporate cultures of Kobo and Symrise also harmonize on all levels. For all these reasons, we feel very happy about this second investment and the expression of our confidence in Kobo that it makes.”. We use vendors that may also process your information to help provide our services.
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