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.
WWD and Women's Wear Daily are part of Penske Media Corporation. © 2023 Fairchild Publishing, LLC. All Rights Reserved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Krispy Kreme puts Insomnia Cookies brand up for sale as it doubles down on donutsKrispy Kreme bought a majority stake in Insomnia Cookies in 2018.
Read more »
Krispy Kreme puts Insomnia Cookies brand up for sale as it doubles down on doughnutsKrispy Kreme bought a majority stake in Insomnia Cookies in 2018.
Read more »
Tinder dates, hot tub hook-ups and wild drinking: Secrets of the partying pilotsWheels down, rings off — and bottoms up. For some air crew, what goes on tour stays on tour, they tell The Post.
Read more »
Elon Musk must face fraud lawsuit for disclosing Twitter stake late By ReutersElon Musk must face fraud lawsuit for disclosing Twitter stake late
Read more »
WNBA officially approves Tom Brady's ownership stake in the AcesLas Vegas hopes to repeat its league championship when the Aces open a best-of-five series Sunday against the New York Liberty.
Read more »
Judge orders Elon Musk to face fraud lawsuit for late disclosure of Twitter stakeThe judge in Manhattan also dismissed an insider trading claim against Musk.
Read more »