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Canadian company Crystal Claire cosmetics takes a stake in Italian firm Kosmoda

The company of Canadian origin, based in Toronto, Crystal Claire Cosmetics ($130 million in sales) specialized in cosmetic formulation and full service has just taken a minority stake in its Italian colleague Kosmoda (EUR 3 million in turnover) whose production unit is located near Milan in Offanengo.

An important step for the latter who will benefit from the industrial and technological potential of its new Canadian partner, who in turn, will take advantage of a launch pad to develop his operations on the old continent. First project in common, the moving in December of Kosmoda in a new 3000 m2 industrial building, always in Offanengo.

Dario Moretti, Kosmoda

Dario Moretti, Kosmoda

To note that the two owners, Dario Moretti for Kosmoda and Rogers Hwang for Crystal Claire Cosmetics, also have two similar activities in packaging with Modapack for the first and Crystal International Packaging for the second. Common point in in both cases, a strong expertise in the niche of airless and make-up packaging.

Crystal Claire Cosmetics offers a multitude of service levels and manufacturing options, from full turnkey services to basic co-packing services.

To be continued...

Jean-Yves Bourgeois

© 2011 - Premium Beauty News - www.premiumbeautynews.com
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