Ancorotti Group accelerates on skincare with the acquisition of Cosmoproject
2' min read
2' min read
Cosmoproject, a leading manufacturer of skincare for third parties, joins the Ancorotti Group, creating a made-in-Italy cosmetics group with a turnover of more than €220 million and a total workforce that will exceed 800 people by 2025.
The company's evolution originated from the ambitious investment plan launched thanks to the entry of the L-Gam fund into the capital of Ancorotti Cosmetics, which transformed the company into the nucleus of a strategic alliance of Italian beauty excellences under the leadership of President Renato Ancorotti, flanked by Vice-President Enrica Ancorotti and CEO Roberto Bottino.
Primo Tortini, founder of Cosmoproject, and his family, who have run the company since its inception and until it reached a market-leading position with more than 70 million in turnover, sold all their shares, significantly re-investing in the joint project.
After the recent launch of Ancorotti Perfumes, a newborn company active in the production of perfumes for third parties, and with the acquisition of Cosmoproject, the Ancorotti Group is therefore preparing for a new phase of growth and further strengthening in international markets, made possible by the expansion of the product portfolio and the industrial and commercial synergies between the three companies.
"After the success of the operation that led to the birth of Ancorotti Perfumes, realised in partnership with EuroItalia, today I am proud to announce a new phase of growth resulting from another valuable alliance, the one with the Tortini family, led by my esteemed friend Primo," comments Renato Ancorotti. The entry of Cosmoproject into the group, a unique platform that aims to bring together the excellence of the Italian cosmetics industry, will allow us to expand our expertise, in addition to make-up and alcoholic perfumery, to a third strategic segment, that of skincare. We look to the future with enthusiasm, strong in the synergies we have built, ready to reach new and important goals".
