Acquisition of Cosme Science Corporation

Silverwood Brands PLC

01 March 2024

 

1 March 2024

Silverwood Brands Plc

("Silverwood" or the "Company")

Acquisition of Cosme Science Corporation

Silverwood Brands plc (Aquis: SLWD), a holding company established to invest primarily in branded consumer businesses, is pleased to announce that the Company has agreed to acquire Cosme Science Corporation, a premier Japanese manufacturer of beauty products, and its 100% subsidiary, Dr. Baeltz, a pioneering skincare and self-care brand, from its parent company Hokkan Holdings Corporation. The acquisition is to be conducted through Silverwood's Japanese subsidiary, Sonotas Corporation, with a projected closing date by the end of March 2024.

This strategic acquisition marks a significant step for Silverwood Brands and Sonotas in enhancing their R&D and manufacturing capabilities within the Japanese market, renowned for its leadership in high-quality health and beauty product development and manufacture. Cosme Science, with its over 40 years of excellence in the beauty industry, brings an extensive portfolio of skincare, haircare, and a broad range of self-care products developed by its in-house R&D team and laboratory. Dr. Baeltz, with more than 35 years of creating clean, safe, and effective products suitable for sensitive skin, represents an exceptional opportunity for market expansion.

Further information about the acquisition will be announced on closing.

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Silverwood Brands Plc Andrew Gerrie Paul Hodgins	[e-mail]
Peterhouse Capital Limited (Aquis Corporate Adviser) Mark Anwyl Narisha Ragoonanthun Brefo Gyasi	[phone]

About Silverwood Brands PLC

Silverwood Brands PLC is a leader in the health and beauty industry, committed to developing and marketing high-quality products that meet the diverse needs of consumers worldwide. Through strategic acquisitions and organic growth, Silverwood Brands continues to enhance its portfolio and global reach, ensuring a strong position in the competitive health and beauty market.

About Sonotas Corporation

Sonotas Corporation is a beauty brands management company focused on the Japanese market and Asia.  Sonotas creates and delivers unique brand experiences through innovative products and deep knowledge of the markets they trade in.  Sonotas is part of the Silverwood Brands PLC group.

About Cosme Science Corporation

Cosme Science Corporation is a premier Japanese research and OEM manufacturer of beauty products, with a history spanning over 40 years. Renowned for its innovative skincare, haircare, and self-care products, Cosme Science is dedicated to excellence in R&D and manufacturing, serving customers with high-quality, effective solutions.

About Dr. Baeltz Corporation

Dr. Baeltz Corporation specializes in skincare and self-care products suitable for sensitive skin. With over 35 years of pioneering clean, safe, and effective products, Dr. Baeltz is committed to providing consumers with the highest standards of beauty solutions. 

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).

 

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