Storskogen completed the acquisition of a 96% stake in Scandinavian Cosmetics Group from Accent Equity.

Storskogen, an international group of businesses across trade, industry and services, completed the acquisition of a 96% stake in Scandinavian Cosmetics Group, a Nordic distributor within cosmetics, from Accent Equity, an investment firm. Financial terms were not disclosed. "The past two years has strengthened SCG with good results and a successful effort to create a company with Scandinavian functions, logistics centre and common IT platform. Storskogen is a long-term owner that will give us the opportunity to further strengthen our position as a leading player in the Nordic beauty market and we are very much looking forward to our continued journey together with Storskogen," Joakim Johnsson, SCG CEO.