Last checked at 2 Apr 2024 07:00
2 April 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, further to the announcement of 1 March 2024, the Company's acquisition of Cosme Science Corporation ("Cosme Science"), a premier Japanese manufacturer of beauty products, and its 100% subsidiary, Dr. Baeltz, a pioneering skincare and self-care brand, successfully closed on 29 March 2024 (the "Acquisition").
In the financial year ended 31 March 2023, Cosme Science and Dr. Baeltz reported EBITDA of ¥123 million (approximately £0.65 million) on combined sales of ¥1,608 million (approximately £8.4 million).
As consideration for the Acquisition, Sonotas Corporation, Silverwood's Japanese subsidiary, is paying ¥1 (£ nominal) for the purchase of 100% of the shares of Cosme Science and Dr. Baeltz, and ¥1,000 million (approximately £5.3 million) to acquire the outstanding debt between Cosme Science and its former owner, Hokkan Holdings. The costs of the Acquisition are being funded via debt finance in Japan.
--Ends--
Silverwood Brands Plc Andrew Gerrie Paul Hodgins
| info@silverwoodbrands.com |
Peterhouse Capital Limited (Aquis Corporate Adviser) Mark Anwyl Narisha Ragoonanthun Brefo Gyasi
| +44 (0)20 7469 0930 |
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).