COSMAX to acquire a 51% stake in Keminova.

COSMAX, a beauty products manufacturer, agreed to acquire a 51% stake in Keminova, a manufacturing company that formulates and produces skincare products and medical devices. Financial terms are not disclosed. “The acquisition of Keminova is more than merely securing a physical production base; it is a strategic fusion of Europe’s long-established cosmetics manufacturing expertise with the innovative capabilities of the world’s largest ODM company. By integrating the strengths of both companies, we will rapidly boost our presence in the European market and further solidify our position as the global No.1 cosmetics ODM,” COSMAX Lee Byungjoo, Vice Chairman and CEO.