L’Oréal completed the acquisition of Lactobio.

L’Oréal, a French personal care company, completed the acquisition of Lactobio, a probiotic and microbiome research company based in Copenhagen. Financial terms were not disclosed. "Denmark has a long history of innovation based on living microorganisms applied to food, agriculture and health, and it was against this background that we were inspired to create Lactobio. I am incredibly proud of what our team has achieved and excited for what the future holds as part of L’Oréal Groupe, where together, we can apply microbiome research to new fields of beauty innovation for people all over the world," Søren Kjærulff, Lactobio Founder and Chief Scientific Officer.