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