Symrise Taking Minority Stake in Kobo Products – WWD

PARIS – In a bid to step up its progress in cosmetics elements, Swiss perfume and flavors provider Symrise AG is taking a 25 % stake in Kobo Merchandise Inc., a pigment and powder specialist for the beauty {industry}.

Monetary phrases of the deal weren’t disclosed, however Symrise mentioned it has agreed with Kobo on the long run disposition of shares within the group’s capital and its governance.

Symrise may also change into a distribution associate with Kobo for inorganic UV filters.

“With this funding, we fast-track our strategic plan to develop into ornamental cosmetics. It allows us to remain on the forefront of client developments by bridging shade and skin-care cosmetics,” mentioned Jörn Andreas, president of the Cosmetics Elements Division at Symrise, in an announcement. “We are going to mix Kobo’s broad vary of market-leading product strains in floor handled pigments, solar care and shade dispersions with our many years of expertise in manufacturing and advertising high-quality cosmetics elements.”

Kobo, primarily based in South Plainfield, N.J., was included in 1987. The group has a wide-ranging shade palette of surface-treated pigments and dispersions destined to be used in makeup concentrating on numerous pores and skin tones. Kobo is a market chief within the mineral sunscreen know-how area, providing excessive safety formulation with broad spectrum safety, microspheres and naturally-derived supplies, based on Symrise.

Symrise has marketed cosmetics elements for greater than 100 years.

“Becoming a member of forces with Symrise affords us a possibility to additional develop our shade and solar enterprise,” mentioned David Schlossman, president of Kobo. “Symrise’s assets and experience in natural UV filters mixed with ours in inorganic UV filters will create a corporation with a capability to investigate and develop novel elements and formulations that present broad spectrum safety, are safer for the atmosphere and that decrease of their impression on carbon emissions. Collectively, we are going to do the analysis essential to create technical shade and sun-care merchandise which can be attentive to the necessity of consumers, regulators and different stakeholders around the globe.”

For extra, see:

Firmenich, Symrise, IFF and Givaudan Form FSAC

Symrise Shifts Executives, Merges Business Groups

Symrise Acquiring Sensient’s Fragrance Business Unit | Symrise Taking Minority Stake in Kobo Merchandise – WWD


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