L'Oreal Completes Acquisition of Lactobio
04 Diciembre 2023 - 12:19PM
Noticias Dow Jones
By Andrea Figueras
L'Oreal has completed the acquisition of the Danish probiotic
and microbiome research company Lactobio for an undisclosed
amount.
The French beauty company said Monday that the move aims to
boost its microbiome research efforts dedicated to beauty and
strengthen its position in this particular scientific territory,
the company said.
"The strategic acquisition builds on 20 years of advanced
research by L'Oreal into the microbiome scientific territory," it
said.
L'Oreal will be able to benefit from Lactobio's microbiome
expertise and portfolio to develop topical formulations and new
cosmetic solutions using live bacteria, the company said.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
December 04, 2023 13:04 ET (18:04 GMT)
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