Cosmetics wholesaler Kruzas has been acquired by Berner
The Finnish company Berner Ltd. has acquired UAB Kruzas Nordic Cosmetics Distribution, a leading independent cosmetics wholesaler in the Baltics.
UAB Kruzas Nordic Cosmetics Distribution is one of the largest independent cosmetics and perfume importers and wholesalers in the Baltic countries. In 2007, the company opened its subsidiary SIA Kruzas NCD Latvia and in 2009, it expanded to Estonia. The firm has over 90 employees across the region. UAB Kruzas Nordic Cosmetics Distribution represents international brands such as Antonio Banderas, Bourjois, Collistar, Isadora, Lierac, Lumene, Make up Forever, Rimmel, COTY, Sebamed and Vichy.
Berner is a Finnish family-owned company that has built its product brands over 130 years. The company’s key focus is on cosmetics. It is also engaged in the manufacturing and distribution of consumer and sports products and agriculture production. This acquisition of an existing wholesale company will help consolidate Berner’s presence in the Baltic states.
Oaklins’ team in Lithuania acted as the exclusive financial advisor to the seller in this transaction.
Talk to the deal team
Related deals
Skyfit Academia has been acquired by SFH Holding
Skyfit Academia had been acquired by SFH Holding, an investment vehicle led by Caio Murad Peres. The transaction reflects the attractiveness of scalable fitness platforms in Brazil, supported by Skyfit’s efficient business model, strong expansion track record, more than 800 units sold, nationwide presence and exposure to underpenetrated markets, positioning the company for its next phase of growth and reinforcing its role as a leading consolidation platform.
Learn moreDiederichs Karosserieteile has been acquired by ITAL, a portfolio company of Naxicap
Diederichs Karosserieteile GmbH has been acquired by ITAL Holding, a European automotive aftermarket platform backed by Naxicap Partners.
Learn moreParcom has sold Krifon to Varro
Krifon AS, a leading Nordic B2B distributor specializing in home and garden products, has been acquired by Varro. The transaction marks a new chapter for the company as it continues to strengthen its position as a trusted category partner to leading DIY chains, garden centers and furniture retailers in Norway.
Learn more