Symrise AG has increased its stake in Kobo Products Inc. to 49%, solidifying its involvement in the cosmetic pigment and powder sector.
Symrise’s further investment in Kobo includes stipulations about Kobo’s future share dispositions and governance. The transaction’s funds are intended for expanding capacity and improving the supply chain. Dr. Jörn Andreas of Symrise highlighted the complementary nature of Kobo’s product range to Symrise’s offerings.
This move aims to capitalise on opportunities in mineral UV filters and decorative cosmetics. David Schlossman of Kobo sees the increased investment as a sign of commitment from Symrise, anticipating collaborative projects ahead.
