M&As this week: Kolmar Korea and Unilever

Kolmar Korea and Wormser Corporation have announced their decision to acquire a 100% stake in Process Technologies and Packaging (PTP) for KRW34bn ($29.37m).

Kolmar Korea is an original cosmetics manufacturer, whereas Wormser Corporation is a US-based personal care company. Also based in the US, PTP is a developer of colour cosmetics.

Under the terms of the acquisition, Kolmar Korea will acquire a 51% stake in PTP through its subsidiary, Seokoh. Wormser will acquire the remaining 49% stake.

Following the transaction, Kolmar will handle research and development (R&D) and production, while Wormser will oversee sales and marketing.

Unilever has announced the acquisition of Seventh Generation.

Seventh Generation is a US-based household and personal care products manufacturer and distributor, while Unilever is a Netherlands-based fast-moving consumer goods manufacturer.