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New Deal


Announced

Innova Capital-backed Bielenda Natural Cosmetics to acquire Torf.

Synopsis

Innova Capital-backed Bielenda Natural Cosmetics, a cosmetic firm, agreed to acquire Torf, a Polish cosmetics manufacturer. Financial terms were not disclosed. "Tołpa is a brand with well-established position and recognition. I appreciate its long-standing scientific heritage and the tradition of creating cosmetics based on the properties of natural ingredients - Polish peat and mud. The acquisition of Torf Corporation will complement our product offering, as well as increase the diversity of our product range and pricing spectrum. I believe that the acquisition of Tołpa and ON brands, along with their potential for further development under the wing of the Bielenda Group, will contribute to the growth of the company's value and competitiveness, both in domestic and international markets," Marek Bielenda, Bielenda Natural Cosmetics CEO.

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