Sodalis Group acquires Artdeco & plans expansion
Italian health and beauty company Sodalis Group has acquired a majority stake in German beauty business Artdeco Cosmetics Group – a family-owned business that also owns the Artdeco, Make up Factory, and Anny brands.
The acquisition marks a significant expansion for the Sodalis Group. Its CEO Fabio Granata declared: “This acquisition allows us to grow in Germany one of the biggest European beauty markets, with a really outstanding and well-performing company – highly recognised for its strong heritage and best-in-class capabilities in the makeup industry.”
He also added that the company will now join forces with current management to develop “a strategic roadmap to further expand the business.”