Personal care ingredient platform Covalo has acquired Cosmetitrovo, an Italian platform that connects cosmetic ingredient suppliers, distributors, contract manufacturers and service providers. This acquisition marks the launch of Covalo’s regionalization strategy, which is aimed at addressing local needs while fostering global interactions.
The acquisition of Cosmetitrovo enables Covalo to integrate its technology with Cosmetitrovo’s local expertise, creating a foundation for regionally tailored solutions elsewhere.
Yann Chilvers, co-founder, Covalo, says, "This acquisition represents a pivotal moment in our mission to deliver truly regionalized solutions. Cosmetitrovo’s success in connecting Italy’s cosmetics ecosystem aligns perfectly with Covalo’s global vision. Together, we are empowering local players and unlocking opportunities for growth."
Maria Randazzo, co-founder, Cosmetitrovo, adds, "Joining Covalo allows us to elevate our platform with state-of-the-art technology and global reach. We’re excited to scale our impact and deliver even greater value to the Italian cosmetics market."
