Matas to Acquire Kosmolet for its Make-up Brand Nilens Jord

 Matas to Acquire Kosmolet for its Make-up Brand Nilens Jord

Matas to Acquire Kosmolet for its Make-up Brand Nilens Jord

Shots:

  • Matas acquires Kosmolet in all stock transaction, making the total deal value $25.45M. Kosmolet to get $21.72M upfront ($20.21M in cash & $1.49M as shares), up to $2.9M milestones and $0.7M as restructuring costs. The transaction is expected to close in Jun’19
  • The focus of the acquisition is to expand Matas’ private label portfolio with the addition of Kosmolet’s Nilens Jord and to foster its annual revenue up to $3.7M
  • Nilens Jord is a Danish makeup brand producing completely perfume-free makeup products and has received Danish Beauty Award for its Allergy Certified lipstick

Click here to read full press release/ article | Ref: GlobeNewsWire | Image: Winther

Tuba Khan

Tuba Khan is Senior Editor at PharmaShots. She is curious, creative, and passionate about recent updates and innovation in the Life sciences industry. She covers Biopharma, MedTech, and Digital health segments. Tuba also has an experience of digital and social media marketing and runs the campaigns independently. She can be contacted on tuba@pharmashots.com

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