By Kim Richters

Givaudan SA said Thursday that it has acquired 25% of the shares in B.Kolormakeup & Skincare, without disclosing the terms of the deal.

The Swiss flavor-and-fragrance company funded the deal from existing resources.

"Under the terms of the agreement, Givaudan has the option but not the obligation to acquire a controlling stake in B.Kolor after a period of three years," it said.

Italian company B.Kolormakeup & Skincare is a contract manufacturer for makeup and skincare products and employs around 250 people.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

July 01, 2021 01:34 ET (05:34 GMT)

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