Givaudan buys 25% stake in skincare company b.kolormakeup
ZURICH, July 1 (Reuters) - Givaudan has acquired 25% of b.kolormakeup & skincare, an Italian specialist in make-up and skin care products for packaged goods companies and luxury customers, the Swiss flavourings and fragrance maker said on Thursday.
The terms of the deal were not disclosed and Givaudan funded the transaction from existing resources, it said. Givaudan has the option but not the obligation to acquire a controlling stake in b.kolor after three years, it added. (Reporting by John Revill Editing by Riham Alkousaa)
