Storskogen Group AB (OM:STOR B) agreed to acquire 96% stake in Scandinavian Cosmetics AB from Accent Equity Partners AB and other minority shareholders.

Storskogen Group AB (publ) (OM:STOR B) agreed to acquire 96% stake in Scandinavian Cosmetics AB from Accent Equity Partners AB and other minority shareholders on March 25, 2022. Scandinavian Cosmetics reported a turnover of SEK 1,145 million and EBITA of SEK 100 million for the financial year 2021. SCG will be part of Storskogen's business area Trade and the vertical Distributors for which Christer Hansson, Executive Vice President and Head of Business Area Trade is responsible for.

The acquisition is subject to approval by relevant competition authorities and is expected to be completed in the second quarter of 2022.