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Companies & industry

Chromavis to acquire 100% of Durlin

Italian manufacturer and supplier of cosmetic products Chromavis has signed an agreement to buy Durlin France, a leading designer and manufacturer of nail polishes.

Chromavis, a world’s leading operator of B2B cosmetics and its management team are about to buy 100% of Durlin France, worldwide leader in the development and production of nail polishes and products, from Bergerac NC, a subsidiary of the French state-owned company SNPE. The agreement was signed in Paris on April13th, 2010.

Chromavis, which is headquartered in Milan’s urban area, was founded in 2008 from the merging of Clavis and Gamma Croma.

As far as it is concerned, Durlin France holds 56% of Durlin East Europe (headquartered in Poland) and 49% of Durlin Asia (headquartered in Thailand). The company boasts about 17 millions euros at consolidated level. The plants are located in the Bergerac area (South West of France), in Ciechanòw (Poland), and in Bangkok (Thaïland). Durlin supplies the major actors and the more prestigious brands of the cosmetics industry.

With this acquisition, Chromavis consolidates its presence in the reference market, reaching an overall turnover foreseen for 2010 of over 85 million Euros, with an Ebitda [1] of about 15 million Euros,” said the company in a release.

Through this transaction Chromavis is completing its range of products to cover a wider area of the cosmetics sector. According to Bernard Msellati, Chromavis’ CEO, the acquisition of Durlin confirms the company’s strategy to strengthen its international presence.

The closing of the operation is forecasted on June 4th, 2010

Footnotes

[1Earnings before Interest, Taxes, Depreciation, and Amortization

© 2010 - Premium Beauty News - www.premiumbeautynews.com
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