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Agreement includes plans to form alliance to expand sunscreen and color cosmetics business.
September 1, 2021
By: Christine Esposito
Editor-in-Chief
Symrise AG has agreed to make a strategic investment in Kobo Products Inc., a powder and dispersion specialist for the beauty industry. Symrise says the investment is a strategic step to expand its activities into inorganic UV filters and decorative cosmetics. Symrise will acquire a 25 % stake and agreed with Kobo on the future disposition of shares of Kobo ́s capital stock and the governance of Kobo. “With this investment, we fast-track our strategic plan to expand into decorative cos...
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