Korea Kolmar buys Process Technologies and Packaging

By Deanna Utroske contact

- Last updated on GMT

Korea Kolmar buys Process Technologies and Packaging

Related tags: Cosmetics

In a multimillion dollar deal announced just yesterday, Kolmar (under the company name Seokoh) has acquired PTP to expedite expansion into this region’s cosmetics marketplace.

“The deal is aimed at paving the way for entering the North and South American markets,” ​the company tells yonhapnews.co.kr.

Explaining Kolmar’s expansion strategy further, the company spokesperson adds, “we expect to maximize synergy by combining PTP's color make-up technology, Korea Kolmar's expertise in basic skincare products and Wormser's sales network.”

All told, Kolmar paid $15.1m for PTP (equivalent to 17bn won), yonhapnews.co.kr, reports.

Process Technologies and Packaging

PTP launched in 1993 and is best known for developing, manufacturing, and packaging color cosmetics. The company’s Pennsylvania-based “highly specialized OTC facility specializes in loose and pressed powders, lip-glosses, lipsticks, and an array of cosmetic product forms as well as creams and lotions,” ​according to the company profile page on the PTP site.

Beyond that, PTP also produces natural and USDA organic certified cleansers and personal care products like balms and butters, scrubs, and even solid perfumes. And the company makes bath care, hair care, facial skin care, body care, and sun care products as well. According to yonhapnews.co.kr, “PTP has provided cosmetics for global brands including L'Oréal, Coty and Shiseido.”

Local partnership

As part of the acquisition deal New Jersey – based Wormser Corporation takes 49% stake in PTP. Wormser offers cosmetic brands product development, design and engineering services, contract packaging, and turnkey options.

Wormser is stepping in to manage PTP’s marketing and sales for the Americas region, while Kolmar will handle R&D and production.

Related news

Show more

Related products

show more

The Hair Exposome solution: SymHair® Shield

The Hair Exposome solution: SymHair® Shield

Symrise | 14-May-2019 | Product Brochure

External pollution refers mainly to airborne particles. Pollution dust and particles deposit onto the hair day after day and cause damage to the hair fiber.



SABINSA: Innovating the Science of Cosmetics® | 06-May-2019 | Data Sheet

Sabinsa’s patented Olepent® is a pentapeptide complexed with plant-derived oleanolic acid. It stimulates the skin’s natural production of collagen to repair...

Sustainably sourced collection of African Oils

Sustainably sourced collection of African Oils

Symrise | 06-May-2019 | Product Brochure

Sustainably sourced to preserve local biodiversity and improve local social and economic conditions, Symrise presents its African Oils collection. The...

Related suppliers

Follow us

Featured Events

View more


View more